Coinbase to Launch Futures Trading for Dogecoin, Litecoin, and Bitcoin Cash on April 1

The move signifies a major step towards the institutionalization of cryptocurrencies, with Dogecoin's futures trading highlighting the legitimization of meme coins.

Coinbase Derivatives LLC has filed for CFTC approval to launch US regulated futures trading for Dogecoin, Litecoin, and Bitcoin Cash, set to commence on April 1, pending no objections.
Dogecoin's inclusion in futures trading marks a significant legitimization of meme coins within the broader cryptocurrency market.
The proposed Dogecoin futures contracts will cover 5,000 DOGE each, with monthly settlements, reflecting the growing institutional interest in cryptocurrencies.
Despite recent market volatility, Dogecoin's value surged by nearly 20% following the announcement, indicating strong market support for the move.
Analysts see a 25% chance of SEC approval for spot Ethereum ETFs by May, amidst discussions on reclassifying Ethereum as a security, highlighting regulatory challenges in the crypto space.