Coinbase Launches Futures Contracts for Natural Gas and Cardano
Coinbase has submitted a filing with the Commodity Futures Trading Commission (CFTC) to self-certify new futures contracts for both Cardano and natural gas. This move is expected to disrupt both the crypto and energy derivatives markets, raising questions about the potential impact on Cardano's price.
The new futures contracts will launch on Monday, March 31, providing traders with more opportunities. For Coinbase, this marks a significant step in expanding its offerings and maintaining its leadership in the cryptocurrency space. With the addition of Cardano futures, the exchange enables traders to speculate on the price of Cardano ($ADA) without needing to own the asset, offering them increased liquidity and flexibility in their trading strategies.

Coinbase’s latest move extends beyond cryptocurrency, as the exchange also enters the energy derivatives market with the launch of Natural Gas futures. The energy sector, known for its volatility, provides a significant new market for Coinbase, which aims to attract traders seeking to profit from natural gas price swings without venturing too far from their typical trading territory.