Home Coinbase file to list futures trading for DOGE, LTC and BCH

Coinbase file to list futures trading for DOGE, LTC and BCH

Coinbase Exchange has filed to list Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin futures trading with the Commodity Futures Trading Commission (CFTC).

The CFTC has not yet responded officially to the move and more importantly, has not opposed the filing made by Coinbase that seemed to fly under many radars until now.

Coinbase goes down the self-certification route

Coinbase’s letters of intent were sent to Christopher Kirkpatrick, CFTC Secretary, to go down the path of self-certification that shows the company doesn’t want to wait on official approval and can use the CFTC Regulation 40.2(a) to list these futures contracts.

The letters were listed on X by community poster Summers:

As long as the Commodity Exchange Act and CFTC regulations are adhered to at this time then Coinbase can list the Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin products.

The fact that Coinbase chose to go through the CFTC and not the U.S. Securities and Exchange Commission (SEC) is notable, but understandable in the way that the SEC views crypto exchanges that attempt to gain the title of a “security”.

The CFTC has a track record of being more lenient on crypto exchanges than the SEC, with the latter arguing vehemently that the bulk of cryptocurrencies are commodities and not securities.

The SEC and its Chair Gary Gensler have faced pushback from crypto exchanges that feel the regulator has been too harsh. The SEC for example has a standalone “Crypto Assets and Cyber Enforcement Actions” section on the government site that keeps a healthy toll of monthly filing activity in shutting down the crypto elements it sees as unlawful.

All three of Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin products have their origins with Bitcoin so it will be up to the hands of time and the response of the CFTC to see if they are approved or shot down like many other hopeful crypto listings.

Image: Flickr/Ivan Radic/CC.20

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Brian-Damien Morgan
Tech Journalist

Brian-Damien Morgan is an award-winning journalist and features writer. He was lucky enough to work in the print sector for many UK newspapers before embarking on a successful career as a digital broadcaster and specialist. His work has spanned the public and private media sectors of the United Kingdom for almost two decades. Since 2007, Brian has continued to add to a long list of publications and institutions, most notably as Editor of the Glasgow 2014 Commonwealth Games, winning multiple awards for his writing and digital broadcasting efforts. Brian would then go on to be integral to the Legacy 2014,…

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.