Cardano (ADA) Secures New Listing on Coinbase—Accessible to Both Institutional and Retail Investors.

Coinbase Derivatives has been authorized to provide “CFTC-regulated futures for Natural Gas and Cardano (ADA).” Analysts anticipate that this, along with a possible approval for an ADA ETF, could push the price to a range of $2100 to $22023 this cycle. Cardano (ADA) is achieving significant momentum as Coinbase officially rolls out CFTC-regulated futures for both natural gas and ADA. As reported on X, this development occurs precisely two weeks after Coinbase announced its filing with the Commodity Futures Trading Commission (CFTC). The self-certification with the CFTC indicates that Coinbase claims to be in regulatory compliance with futures contracts. In theory, users can access ADA without needing to possess it directly. The natural gas futures initiative mentioned in the announcement will allow Coinbase to rival conventional futures markets. Additionally, our analysis reveals that each futures contract is valued at 20.77 ADA, which enhances participation and provides more flexibility than the traditional spot market. At the same time, this achievement may open up the possibility for the US Securities and Exchange Commission (SEC) to approve an ETF. As of now, Grayscale Investment is the sole organization that has submitted a filing for a Cardano ETF. As noted in our earlier news update, the submission occurred via NYSE Arca. Analysis of Cardano (ADA) prices. Following Coinbase’s announcement, ADA’s price jumped from a daily low of $0.63 to $0.68.