A naukri.com initiative
NullTX
4w
200
Image Credit: NullTX
Coinbase Expands Derivatives Market with New Natural Gas and Cardano Futures
- Coinbase Derivatives seeks CFTC approval for Natural Gas and Cardano futures, expanding offerings in energy and crypto markets.
- The launch of these futures contracts signifies a diversification effort by Coinbase, aimed at catering to a wider range of investors.
- Cardano ($ADA) futures on Coinbase attract attention due to Cardano's unique approach to blockchain technology and growing popularity.
- Coinbase's move to offer energy and crypto futures underlines the maturation of both markets and the increasing demand for such investment instruments.
- Whale activity in Cardano, with significant ADA token purchases, hints at bullish sentiment and potential price movements.
- Technical analysis suggests a possible 15% price increase for Cardano once it breaks a consolidation pattern, creating anticipation among traders.
- The introduction of futures contracts for Cardano on Coinbase is seen as a significant step in attracting institutional investors to the crypto space.
- The self-certification of these futures products by Coinbase opens up new investment opportunities and risk management strategies for traders.
- The development of the cryptocurrency derivatives market is accelerating, offering more sophisticated products and enhanced liquidity for investors.
- Coinbase's upcoming launch of NGS and Cardano futures is expected to bring growth, innovation, and increased trading opportunities in the derivatives market.
Read Full Article
12 Likes
For uninterrupted reading, download the app