Crypto Exchange Coinbase believes that Dogecoin’s “Endouring” (Doge) suggests that it has crossed its origin of memes to become the basis in the cryptocurrency industry, and Exchange plans to introduce Futures commercial products for cryptocurrencies.

In three separate letters to the Futures Trade Commission in the United States (CFTC) on March 7, Coinbase derivatives announced their plans to introduce Futures contracts in cash for Dogecoin, Litecoin (LTC) and Bitcoin Cash (BCH) on April 1.

In particular, the letters said that Dervitiaticives Coinbase can mention Futures contracts on their platform before receiving any official consent of CFTC.

Coinbase explained that this would cause the “certification” method to introduce Futures contracts, if they follow the regulatory guidelines specified by the agency.

“Coins derivatives […] The present consists of the Certification of the Preliminary offer of the Futures Dogecoin contract, which is to be offered to trade on the stock exchange on April 1, 2024, “or later”, read the letter about the Futures Dogecoin product.

Coinbase justified the announcement of exchanging Dogecoin, claiming that Memecoin had exceeded his origin as only a joke and became a fundamental element of the cryptographic industry.

“Dogecoin popularity and energetic community support suggest that it has crossed its origin as a meme to become the basis of the world of cryptocurrency.”

The price of the dog has now increased by 17% during the day and trades for $ 0.15 at the time of publication, According to For data from Coinmarketcap.

While several market commentators in social media seemed Considered By moving, analysts suggested that the list of Futures contracts could have been calculated by Coinbase to force the hand of the Securities and Exchange Commission.

Related: Franklin Templeton is coming “Full Degen” with the investor’s note on Memecoins

In the post of March 20 to X, the Bloomberg James Seyffart analyst noted that the applications could be the strategic art of forcing SEC from the classification of all cryptocurrency assets that were based on the same mechanism of evidence consensus as Bitcoin before the announcement of “security”.

“I wonder if SEC is opposed to the fact that they are classified” Futures Commodities “vs” Futures of securities “, wrote Seyffart. “These [are all based on] Bitcoin, so the claims “these are securities” would be difficult to issue after ETF Bitcoin approval. “

In 2022, Coinbase purchased the Fairx Stock Exchange with the CFTC Fairx regulated to introduce trade in instruments derived from cryptography for its clients in the United States.

Coinbase said: “We want the derivative instrument market to be more accessible to our millions of retail customers.”

Warehouse: INSIDE PINK DRAINER – a security analyst of his franchise with a cryptographic fraud