$1 Dogecoin Price Highly In View As Coinbase Prepares To List DOGE Futures On April 1

$1 Dogecoin Price Highly In View As Coinbase Prepares To List DOGE Futures On April 1
фото показано с : zycrypto.com

2024-3-21 15:21

Dogecoin might have started as merely a joke, but this April Fool’s Day, it’s receiving some serious attention. Crypto exchange Coinbase, known for its rigorous listing standards and regulatory compliance, is set to launch futures trading for the leading doggy-themed meme coin alongside Litecoin and Bitcoin Cash.

Coinbase believes Dogecoin’s “enduring popularity” suggests it has evolved from a whimsical meme to a foundational element in the current investing climate.

Dogecoin Sheds Meme Status With Upcoming Coinbase Futures Trading

In three separate letters to the Commodities Futures Trading Commission (CFTC) on March 7, Coinbase disclosed its intention to launch monthly cash-settled futures contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH).

Coinbase said in the letters that it would invoke the self-certification route under CFTC Regulation 40.2 (a) to list these futures contracts. This method allows exchanges to launch new offerings before receiving CFTC approval as long as they adhere to the regulatory guidelines stipulated by the commission.

Coinbase defended its listing of DOGE futures by arguing that the memecoin had transcended its joke status and had grown to become a notable force in the crypto landscape.

“Dogecoin’s enduring popularity and the active community support suggest that it has transcended its origins as a meme to become a staple of the cryptocurrency world.”

The price of DOGE rose as much as 14.2% over the last 24 hours to trade hands at $0.1517 at press time.

When DOGE ETF?

Crypto observers have suggested that Coinbase’s move is calculated given that Dogecoin, Litecoin, and Bitcoin Cash are all based on Bitcoin’s proof-of-work mechanism, and the SEC recognizes BTC as a commodity. As such, this potentially dissuades the regulator from classifying such crypto assets as securities.

Bloomberg ETF analyst James Seyffart remarked on X, “This is interesting… wonder if the SEC objects to these being classified ‘commodities futures’ versus ‘securities futures’. Given their origins from Bitcoin, arguing these as securities would be challenging, especially after spot #Bitcoin ETF approvals. Coinbase’s selection might be strategic.”

Others deemed Coinbase’s move to launch Dogecoin futures as a likely precursor for the launch of U.S.-based spot DOGE exchange-traded funds (ETF) in the future.

The greenlighting of spot Bitcoin (BTC) ETFs in January and the subsequent success of these novel products have given optimism to many about the possibility of ETFs based on other cryptocurrencies such as ether, Dogecoin, Ripple’s XRP, and others securing approval. But whether a similar trend will follow for these altcoins remains to be seen.

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Dogecoin (DOGE) на Currencies.ru

$ 0.1413 (-0.15%)
Объем 24H $922.932m
Изменеия 24h: -5.47 %, 7d: -11.86 %
Cегодня L: $0.1404 - H: $0.1496
Капитализация $20.363b Rank 8
Цена в час новости $ 0.1516 (-6.79%)

coinbase dogecoin evolved climate whimsical meme investing

Источник: zycrypto.com

coinbase dogecoin → Результатов: 126


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Суд США отказал криптобирже Coinbase в деле о лотерее с Dogecoin

Представители криптобиржи Coinbase, ссылаясь на пользовательское соглашение, требовали рассмотреть спор по делу о лотерее с Dogecoin в рамках частного арбитража, а не в общем судебном порядке. Но суд США отказал торговой площадке.

2022-12-18 15:06


Платежная платформа первой публичной криптобиржи добавила Dogecoin

Сервис Coinbase Commerce обслуживает 8 тыс. торговых точек по всему миру, в том числе один из старейших в мире аукционных домов Sotheby’s. Криптобиржа Coinbase объявила о добавлении Dogecoin на свою платежную платформу Coinbase Commerce.

2021-7-23 18:59


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Coinbase добавила в листинг Dogecoin

Американская биржа криптовалют Coinbase объявила о листинге Dogecoin на своей платформе профессионального трейдинга. Компания предлагает клиентам вносить депозиты в ожидании торгов, которые стартуют 3 июня при условии достаточной ликвидности.

2021-6-2 11:16


Coinbase добавляет в листинг Dogecoin

Американская биржа криптовалют Coinbase объявила о листинге Dogecoin на своей платформе профессионального трейдинга. Компания предлагает клиентам вносить депозиты в ожидании торгов, которые стартуют 3 июня при условии достаточной ликвидности.

2021-6-2 09:21


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Coinbase Wallet анонсировал поддержку Dogecoin

Разработчики Coinbase Wallet сообщили, что в течение ближайшей недели в приложениях для iOS и Android будет реализована поддержка криптовалюты Dogecoin (DOGE). Также Coinbase Wallet будет поддерживать тестовую сеть Dogecoin – данная функция, отмечается в блоге компании, поможет разработчикам и продвинутым пользователям.

2019-5-2 14:40


Фото:

Coinbase Wallet добавил поддержку криптовалюты Dogecoin

Разработчики Coinbase Wallet сообщили, что в течение ближайшей недели в приложениях для iOS и Android будет реализована поддержка криптовалюты Dogecoin (). Также Coinbase Wallet будет поддерживать тестовую сеть Dogecoin – данная функция, отмечается в блоге компании, поможет разработчикам и продвинутым пользователям.

2019-5-2 13:40


Компания Coinbase добавила поддержку Dogecoin в свой мобильный кошелёк

Вчера, 1 мая, американская криптовалютная платформа Coinbase объявила о поддержке криптовалюты Dogecoin (DOGE) в своём мобильном приложении Coinbase Wallet на iOS и Android. Разница между Coinbase.

2019-5-2 12:44


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