Dog-themed crypto asset Dogecoin (DOGE) is surging after Coinbase announced its plans to launch futures trading for the memecoin.
According to a filing by Coinbase earlier this month, the top US-based crypto exchange platform registered with the Commodity Futures Trading Commission (CTFC) to offer DOGE derivatives starting on or after April 1st.
“Pursuant to Commodity Futures Trading Commission hereby submits for self-certification its initial listing of the Dogecoin futures contract to be offered for trading on the exchange on or after April 1st.”
News of Coinbase’s plan to offer DOGE futures sent the meme asset flying, as it went from a March 20th low of $0.129 to a peak of $0.155, a 20% increase. DOGE has since retraced and is trading for $0.152 at time of writing, an increase of about 15% during the last 24 hours.
According to Bloomberg analyst James Seyffart, the U.S. Securities and Exchange Commission (SEC) – which has jurisdiction over securities and not com
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