Popular cryptocurrency exchange Coinbase recently made headlines by filing for Natural Gas (NGS) futures and Cardano ($ADA) futures. This move is seen as a significant step towards expanding their offerings in the energy and crypto derivatives markets.
Coinbase, known for its top-ranked status in the US jurisdiction, also extends its services to non-US crypto investors through Coinbase International Exchange. The exchange is widely used by US government agencies for blockchain tools to combat illicit activities in the crypto space.
On March 15, 2025, Coinbase Institutional announced its decision to introduce Cardano ($ADA) and Oil Natural Gas (NGS) futures for its customers. The exchange filed an application with the Commodities Futures & Trading Commission (CFTC) to self-certify these products, aiming to gain regulatory clarity by March 31.
The news of Coinbase offering Cardano futures resulted in a surge of bullish sentiments around the $ADA coin. Cardano founder Charles Hoskinson expressed his excitement about the increasing products centered around the cryptocurrency.
Following the announcement, the price of $ADA coin experienced a 5.63% increase, although it retraced slightly afterward. Currently trading at $0.73, the coin has seen a 3.37% rise in the last 24 hours. Analysts predict a potential surge of 15% in the near future for the $ADA coin.
Coinbase has faced legal challenges from the United States Securities and Exchange Commission (SEC) since 2023. However, the recent declaration by the SEC to end the case has cleared the path for Coinbase to explore new crypto products that were previously restricted under regulatory pressure.
In a positive development, Coinbase also confirmed its registration with the Indian Financial Intelligence Unit (FIU) and announced plans to resume crypto services for Indian investors. Additionally, the current trade price of Coinbase ($COIN) stock stands at $183, marking a 3.17% increase over the last 24 hours.
As Coinbase continues to navigate regulatory challenges and expand its product offerings, the crypto community eagerly awaits the launch of Natural Gas and Cardano futures on the platform. The exchange’s proactive approach to regulatory compliance and commitment to innovation positions it as a key player in the evolving crypto landscape.