dogwifhat (ETH)

2024

United

April

Coinbase International Exchange, in collaboration with Coinbase Advanced, is set to launch trading in $WIF perpetual futures for non-U.S. customers starting April 25. This expansion allows access to the Solana-based memecoin, dogwifhat, reflecting the growing interest in cryptocurrency derivatives outside the United States.
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 <a href="https://twitter.com/CoinbaseIntExch?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@CoinbaseIntExch</a> will add support for dogwifhat perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our WIF-PERP will begin on or after 9:30am UTC on 25 APR 2024. <a href="https://t.co/gIXr3XKXrV" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/gIXr3XKXrV</a>— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) <a href="https://twitter.com/CoinbaseIntExch/status/1780989670891131187?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 18, 2024</a>
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Regulatory Milestones and Market Response
The introduction of these futures trading options follows a successful year since Coinbase received regulatory approval to provide such services in selected non-U.S. jurisdictions. However, efforts to extend similar offerings to U.S. customers have faced more challenges due to stricter regulatory scrutiny.
Despite these hurdles, Coinbase achieved a significant milestone last year by obtaining permission from the National Futures Association to offer limited crypto futures trading to American retail traders through Coinbase Advanced.
This move by Coinbase aligns with a significant uptick in derivatives trading volumes, which soared by 86.5% last month, reaching a total of $6.18 trillion. This surge underscores the robust growth and dynamic nature of the global cryptocurrency derivatives market.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also read: <a href="https://www.cryptotimes.io/2024/04/19/coinbase-secures-new-manhattan-office-departs-hudson-yards/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Coinbase Secures New Manhattan Office, Departs Hudson Yards</a>
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Coinbase to Offer $WIF Futures to Non-US Customers Starting April 25

The Crypto Times

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