Coinbase to Offer Shiba Inu Futures on Its Platform

Coinbase 将在其平台上提供柴犬期货

Coinbase Derivatives Exchange has submitted an application to the Commodities Futures Trading Commission (CFTC) to list Shiba Inu futures on its platform. Dated June 28, 2024, the letter expresses the intention to have the futures contract listed by July 15.

Coinbase 衍生品交易所已向商品期货交易委员会 (CFTC) 提交申请，希望在其平台上上市柴犬期货。该信函日期为 2024 年 6 月 28 日，表达了在 7 月 15 日之前将期货合约上市的意向。

In addition to Shiba Inu, Coinbase has also applied to list futures contracts for four other altcoins: Polkadot (DOT), Stellar's (XLM), Chainlink's (LINK), and Avalanche (AVAX). If approved, the number of regulated crypto futures offerings on Coinbase will increase to eight.

除了 Shiba Inu 之外，Coinbase 还申请列出其他四种山寨币的期货合约：Polkadot (DOT)、Stellar (XLM)、Chainlink (LINK) 和 Avalanche (AVAX)。如果获得批准，Coinbase 上受监管的加密货币期货产品数量将增加至 8 个。

Shiba Inu to Join DOGE as a Memecoin with Regulated Futures

Shiba Inu 将作为受监管期货的 Memecoin 加入 DOGE

As per the application, the Shib futures will be a monthly cash-settled and margined contract, with a size of 10 million SHIB to account for its price and supply. The minimum tick size and tick value will be $0.00001 per SHIB and $0.10 per contract, respectively.

根据申请，Shib 期货将是每月现金结算和保证金合约，其规模为 1000 万个 SHIB，以反映其价格和供应量。每 SHIB 的最小变动单位和每份合约的最小变动单位价值分别为 0.00001 美元和 0.10 美元。

Upon listing, Shiba Inu will join Dogecoin as a memecoin with a regulated futures contract. Coinbase acknowledges the token's volatility due to its low market cap and meme status, but remarks that similar volatility has been successfully managed in existing products.

上市后，柴犬将作为具有受监管期货合约的模因币加入狗狗币行列。 Coinbase 承认该代币由于其低市值和 meme 地位而存在波动性，但表示现有产品已成功管理了类似的波动性。

Compliance with CEA Core Principles

遵守 CEA 核心原则

Coinbase outlines in its application how the futures contract will comply with the core principles of the Commodities Exchange Act (CEA). This includes preventing market manipulation and disruption. The maximum number of positions in the contract is also limited to 30,000.

Coinbase 在其申请中概述了期货合约将如何遵守《商品交易法》（CEA）的核心原则。这包括防止市场操纵和破坏。合约最大持仓数量也限制为30,000。

Coinbase's Self-Certification Strategy

Coinbase 的自我认证策略

Coinbase is applying under CFTC Regulation 40.2(a), which allows designated contract markets (DCMs) to list commodities products for trading without CFTC vetting. The DCM must demonstrate that the product does not violate CEA or CFTC regulations.

Coinbase 正在根据 CFTC 条例 40.2(a) 进行申请，该条例允许指定合约市场 (DCM) 列出商品产品进行交易，而无需 CFTC 审查。 DCM 必须证明产品不违反 CEA 或 CFTC 法规。

By utilizing this strategy, Coinbase can list future contracts for crypto products by submitting an application and waiting for the deadline to pass without objections from the CFTC. Coinbase acquired FairX in 2022 and rebranded to Coinbase Derivatives in 2022, receiving approval from the National Futures Association in 2023.

通过利用这一策略，Coinbase 可以通过提交申请并等待截止日期过去而列出加密产品的未来合约，而不会受到 CFTC 的反对。 Coinbase 于 2022 年收购了 FairX，并于 2022 年更名为 Coinbase Derivatives，并于 2023 年获得国家期货协会的批准。