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Coinbase Derivatives delays DOGE contract launch to April 29

Coinbase Derivatives has postponed the launch of Dogecoin (DOGE) futures contracts from April 1st to April 29th.

Previously, Coinbase Derivatives was set to launch monthly cash-settled futures contracts for Dogecoin, Litecoin, and Bitcoin Cash on April 1st.

On March 7th, Coinbase sent three letters to the US Commodity Futures Trading Commission (CFTC) detailing the size, settlement method (using Market Vector's benchmark interest rate), and structure of the proposed futures contracts.

Coinbase is using the CFTC's self-certification process to quickly launch these futures contracts. This program allows exchanges to introduce new products without waiting for direct approval from the CFTC, as long as they confirm that the products comply with the Commodity Exchange Act and CFTC regulations.

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