Yahya 
Giant cryptocurrency exchange Coinbase wants to increase the range of derivatives it offers by include futures products linked to well-known cryptocurrencies. Based on its website, the company turned in five fresh files with the Commodity Futures Trading Commission (CFTC) for futures involving DOT, SHIB, XLM, AVAX, and LINK. These goods are scheduled for trade on or after July 15.
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“With the addition of AVA, LNK, DOT, XLM, and SHB, our participants and their clients gain more access points to manage risk, speculate on price moves and participate in the cryptoeconomy with reduced upfront capital requirements,” Coinbase said in a Friday statement. The trade stressed that this development diversifies its product range and improves the whole trading experience for its customers.
With $11.1 billion of market value among the five tokens, AVAX is the most valuable. AVAX was trading at $28.42 at the time of publishing, up 1.16% over the previous 24 hours. With a market value of $10.1 billion, SHIB was trading at $0.00001705, a 1.54% drop in the same time, according to CoinMarketCap.
These futures products let traders control risk and gamble on market swings with less initial cash needed. This action by Coinbase is considered as an attempt to provide more varied investment possibilities within the cryptoeconomy, therefore drawing a larger spectrum of players to its platform.
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