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Coinbase to Launch Dogecoin Futures, Says DOGE Evolves beyond Meme
Coinbase, the leading American cryptocurrency exchange, announced plans to roll out futures contracts for Dogecoin (DOGE), the first-ever meme coin that graced the industry.
The company said DOGE has surpassed its meme coin origins due to its “enduring popularity.” Initially launched in December 2013 as a joke, DOGE features an image of a Shiba Inu dog as its logo, contributing to its widespread appeal.
“Dogecoin’s enduring popularity and the active community support suggest that it has transcended its origins as a meme to become a staple of the cryptocurrency world,” the company said.
The token is about to make its way to Coinbase’s derivative platform, trading along other derivatives products such as Nano Bitcoin Futures (BIT).
Coinbase to List Dogecoin Futures on April 1
On March 7, 2024, the exchange sent three letters to the United States Commodity Futures Trading Commission (CF
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