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Coinbase is moving to expand its derivatives offerings, seeking regulatory approval to introduce Cardano (ADA) and Natural Gas (NGS) futures contracts.
If approved, these new products would mark a significant step in merging traditional commodities with cryptocurrency markets.
Self-certification allows Coinbase to assert regulatory compliance, enabling an expedited approval process unless the CFTC raises objections.
On Friday, Coinbase Derivatives, the exchange’s futures trading arm, confirmed that it has submitted documentation to the U.S. Commodity Futures Trading Commission (CFTC) to self-certify ADA and NGS futures contracts.
The move follows Coinbase’s recent launch of Solana (SOL) and Hedera (HBAR) futures contracts, reinforcing the company’s long-term strategy to provide traders access to both crypto and traditional asset futures within a regulated framework. Cardano (ADA) is one of the most established blockchain platforms, recognized for its scalability, sustainability, and security.
If the regulator does not intervene, the new futures contracts could launch as early as March 31.
Following the announcement, ADA saw a 2% price increase, reaching $0.75, according to CoinGecko data. The Natural Gas (NGS) futures offering would mark Coinbase’s first venture into traditional energy commodities, positioning it as a competitor to established futures exchanges in the sector.
With increasing adoption in DeFi, NFTs, and enterprise blockchain solutions, ADA futures provide traders an opportunity to gain exposure to price movements without holding the actual asset.
The filing came following the resignation of SEC Chair Gary Gensler on Jan. 20. Gensler, known for his cautious stance on crypto regulations, stepped down amid increasing pressure for greater regulatory clarity in the digital asset space.
Earlier this year, asset management firm 21Shares officially filed with the SEC to introduce a spot Polkadot ETF.
Analysts suggest the filings are part of a broader strategy to test the boundaries of an SEC under Trump-era crypto-friendly regulators.
The proposed ETFs include leveraged funds that aim to deliver twice the returns of their underlying assets, such as the meme coins Official Trump ($TRUMP) and Melania Meme ($MELANIA).
Likewise, Tuttle Capital Management filed applications for ten cryptocurrency-based leveraged ETFs, including funds tied to popular meme coins.