Popular crypto exchange Coinbase filed for Natural Gas (NGS) futures and Cardano ( $ADA ) futures.
Summary
- Coinbase announced Cardano & Natural gas futures filing with CFTC body.
- Coinbase team aimed to get clarity on the filing by 31 March.
- Cardano ($ADA) bull sentiments surged following the Coinbase-Cardano development.
Coinbase is a top-ranked crypto exchange in the US jurisdiction. The services of this crypto exchange are also available for non-US crypto investors via Coinbase International Exchange. Many US government agencies use Coinbase’s blockchain tools to fight against bad crypto actors.
On 15 March 2025, Coinbase Institutional announced its decision to offer Cardano ($ADA) & Oil Natural Gas (NGS) futures for the customers.
For now, Coinbase filed an application with the Commodities Futures & Trading Commission (CFTC) to self-certify these products.
With this development, Coinbase expanded its offerings in the energy as well as crypto derivatives sector.
The Coinbase team believes that they can get approval by 31 March but the official listing of these products will be possible with some time gap.
Cardano founder Charles Hoskinson also responded to this news & shared his happiness on how products around $ADA coin now increasing.
Bull Sentiments Around Cardano ($ADA)
This news around Cardano ($ADA) Cryptocurrency injected a significant level of confidence among the $ADA coin investors. Coinbase announced regarding Cardano-linked product pumped the token price by 5.63%, but later, the price retraced back.
The current trade price of $Ada coin is $0.73, net 3.37% high over the last 24 hours period.
On behalf of the current trade price pattern of the $ADA coin, a popular crypto analyst, Ali Chart, predicted that the coin has the potential to show surge by 15% soon.
Coinbase & Legal Hurdles
Since 2023, Coinbase was struggling with legal attacks initiated by the United States Securities and Exchange Commission (SEC).
Recently the SEC body officially declared that they ended the Coinbase case. Exchange’s CEO Brian Armstrong shared his happiness & said that his team will remain engaged to bring clarity to crypto rules.
In the absence of legal hurdles, Coinbase exchange slowly headed toward those crypto products that were closed under the pressure of the SEC body in the past.
Coinbase To Resume Services in India
Just four days ago, Coinbase exchange confirmed that it was registered with the Indian FIU unit & also clarified that Coinbase’s crypto services resume soon for the Indian crypto investors.
$COIN Price Action
The current trade price of Coinbase ($COIN) stock is $183 & this price level is 3.17% high over the last 24 hours of trading.
Read also: Bitcoin Hype Surges in Russia as Trump Signs Bitcoin Strategic Reserve (BSR)!
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