Catenaa, Sunday, March 23, 2025 – Coinbase is seeking regulatory approval to launch futures contracts for Cardano (ADA) and Natural Gas (NGS), expanding its derivatives offerings into both digital assets and traditional commodities.
The cryptocurrency exchange confirmed Friday that it has submitted filings to the U.S. Commodity Futures Trading Commission (CFTC) to self-certify the new futures products. If the regulator does not object, trading could begin as early as March 31.
This move follows Coinbase’s recent launch of Solana (SOL) and Hedera (HBAR) futures and aligns with its broader strategy of integrating crypto and conventional asset markets within a regulated framework.
Cardano, a blockchain platform known for its security and scalability, has gained traction in decentralized finance (DeFi) and NFTs. Its futures contracts would allow traders to speculate on price movements without directly holding ADA. Following the announcement, ADA’s price rose 2% to $0.75, according to CoinGecko.
The introduction of natural gas futures would mark Coinbase’s first foray into traditional energy markets, positioning the company as a competitor to established commodities exchanges. Analysts say this move could attract institutional investors looking for exposure to both sectors.
Regulated crypto futures could also bolster the case for spot cryptocurrency ETFs, which have faced delays from the Securities and Exchange Commission. Grayscale Investments has applied for a Cardano ETF, but the SEC recently postponed its decision.
Coinbase has not provided an exact timeline for approval but remains optimistic about expanding its derivatives market.
