Coinbase To Add Shiba Inu To Futures Derivatives Contracts
Coinbase, America’s largest crypto exchange, has made a groundbreaking announcement that is set to shake up the cryptocurrency market. The exchange has revealed plans to list the popular doggy-themed cryptocurrency, Shiba Inu (SHIB), for its futures contracts. This move marks a significant milestone for Shiba Inu, highlighting its growing influence in the crypto space.
Coinbase’s decision to add Shiba Inu to its futures derivatives contracts comes as part of a new list of futures products for its crypto derivatives offerings. The exchange is set to become the first-ever United States exchange to offer margined future contracts for Shiba Inu and other cryptocurrencies. This move underscores Coinbase’s commitment to providing diverse and accessible trading options for its users.
The addition of Shiba Inu to Coinbase’s futures contracts will allow participants and clients to better manage risks, speculate on price movements, and engage with the crypto economy with a lower capital requirement. This move not only enhances the overall trading experience for users but also demonstrates Coinbase’s dedication to meeting the needs of its extensive user base.
In addition to Shiba Inu, Coinbase will also be adding other popular cryptocurrencies such as Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), and Stellar (XLM) to its crypto derivatives futures contracts. These futures products are set to officially launch and begin trading on Monday, July 15.
Despite the exciting news of Shiba Inu’s inclusion in Coinbase’s futures contracts, the price of the cryptocurrency has failed to see a significant upward movement. As of writing, Shiba Inu continues to trade below the $0.00002 threshold, reflecting a decline in the last 24 hours. The cryptocurrency has been underperforming in recent months, experiencing consistent declines that have pushed its price down to $0.000017.
Overall, Coinbase’s decision to add Shiba Inu to its futures contracts is a significant development in the crypto space, highlighting the growing influence of meme coins like Shiba Inu. This move not only expands Coinbase’s digital product offerings but also provides users with more trading options in a safe and reliable trading environment.
