The largest cryptocurrency exchange in the US, Coinbase, has taken action for 3 altcoins.
In a filing sent to the Commodity Futures Trading Commission (CFTC) on March 7th, Coinbase stated that it would list Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) on its futures trading platform.
The exchange quickly utilized CFTC’s self-certification system to expedite the listing and maintain compliance. If there are no objections from the CFTC, futures trading will commence on April 1st.
Bloomberg’s senior ETF analyst James Seyffart stated that Coinbase specifically chose these 3 altcoins. He emphasized that all 3 cryptocurrencies were created through Bitcoin forks, which could add a different dimension to the “securities” debate:
Interesting… I wonder if the SEC will object to their classification as ‘commodity futures’ or ‘securities futures’. Claiming “these are securities” will be tough after spot #Bitcoin ETF approvals since all of these forked from Bitcoin. That might be why Coinbase picked them.
Both the filing’s emergence and the overall positive market sentiment have resulted in up to 20% surges for all 3 cryptocurrencies.
