Coinbase crypto exchange filed for the future trading services for 3 major crypto tokens, including the popular meme Cryptocurrency Dogecoin (Doge).
Coinbase is a top US-based crypto exchange. This exchange trades publicly on the Nasdaq exchange under the ticker symbol $COIN. The services of this crypto exchange are not limited to crypto trading services. Some of its services are used by the US enforcement agencies to fight against the crypto’s bad actors.
Recently Coinbase filed an application with the Commodity Futures Trading Commission (CFTC) to secure a green signal for the futures trading services for Dogecoin, Litecoin (LTC), and Bitcoin Cash (BCH).
It is worth it to note that the Coinbase team failed to talk or promote this move with the crypto community but a crypto enthusiast noted this silent development and shared it with the crypto community.
If the CFTC body approves Coinbase’s application then it will start trading on 1 April of this year.
Some crypto enthusiasts claimed that the United States Securities and Exchange Commission (SEC) will surely take some significant action on this application and there are huge chances that they will try to revoke it. The possibility behind this action is huge, as Coinbase exchange is under huge legal hurdles because of the SEC’s lawsuit against Coinbase’s crypto services.
Many crypto enthusiasts noted that it is a very big move by this crypto exchange. Some meme token supporters showed huge happiness with Coinbase’s application with the CFTC body, as they called that the Coinbase exchange now supports the meme tokens trend in this bull run.
It’s a bitter reality that meme tokens are those crypto tokens which have no use cases but still grabbed huge popularity in this bull cycle. Some meme crypto tokens grabbed $2 billion+ trade volume within a couple of days of launch.
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