Coinbase Derivatives intends to introduce futures trading of Dogecoin, Litecoin and Bitcoin Cash.
Last March 7, Coinbase submitted three separate letters to the US Commodity Futures Trading Commission (CFTC) announcing its plans to launch monthly cash-settled futures contracts for Dogecoin, Litecoin and Bitcoin Cash.
These letters, addressed to CFTC Secretary Christopher Kirkpatrick, outlined the proposed contract sizes, settlement methods and structure.
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Coinbase notes in these letters it will use the self-certification path provided for in CFTC Regulation 40.2(a) to include these futures contracts.
This process allows exchanges to introduce new products without direct CFTC approval, provided they confirm that the product complies with the Commodity Exchange Act and CFTC regulations.