Application from Coinbase and the Giant Company for SOL Coin and Those 5 Altcoins!

SOL Coin ve O 5 Altcoin İçin Coinbase ve Dev Şirketten Büyük Başvuru!
SOL Coin ve O 5 Altcoin İçin Coinbase ve Dev Şirketten Büyük Başvuru!

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Coinbase, as one of the largest players in the cryptocurrency world, is preparing to step deeper into the futures market in the USA. The company filed five new filings with the U.S. Commodity Futures Trading Commission (CFTC). These filings aim to list futures contracts for popular altcoins Shiba Inu (SHIB), Chainlink (LINK), Avalanche (AVAX), Stellar Lumens (XLM), and Polkadot (DOT). Meanwhile, 21Shares applied for ETF for Solana (SOL coin). Here are all the details…

Coinbase files with CFTC for five altcoins

Until now, Coinbase offered futures services for Bitcoin, Litecoin and Dogecoin. This service was normally provided through the company’s global platform, Coinbase International. However, Coinbase has recently started to focus more on the US market. In this context, it is critical to obtain approval from the CFTC, the regulatory body for cryptocurrency futures in the United States. The CFTC’s approval will play an important role in the future and investor interest of these five altcoins in the United States.

If applications are accepted, futures contracts linked to SHIB, LINK, AVAX, XLM and DOT will likely begin trading on July 15 or later. This situation may increase the investment appetite for these altcoins and create activity in the markets. On the other hand, in an environment where the US cryptocurrency market is strictly controlled by regulations, the CFTC’s approval process remains unclear. However, these new applications can be considered a strong signal that the cryptocurrency futures market in the US is expanding.

21Shares attracted attention with its SOL coin move

In the second development in our news, an important step was taken towards the integration of cryptocurrency assets into traditional financial markets. Asset management company 21Shares has filed a Solana (SOL) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This application is the second Solana ETF application made by a large company in the last week.

Called the 21Shares Core Solana ETF, the fund aims to track the performance of the Solana price by aggregating the notional value of SOL trading activity across major exchanges in the United States. The custodial company of the fund will be Coinbase Custody Trust Company. This increase in Solana ETF applications reflects regulatory changes in the cryptocurrency market and the increasing interest of institutional investors in cryptocurrencies. However, the fact that Solana futures products are not yet available is seen as a potential obstacle to the ETF approval process.

What are the expectations in the ETF process?

However, potential changes in the US presidency and softening of regulations may accelerate the approval process. Experts think that Solana could also potentially be classified as a commodity after the SEC ends its investigation into Ethereum 2.0. This could positively impact the Solana ETF approval process.

SOL Coin, BTC’den Çıkan Kurumsal Para, Bu 7’sine Giriyor!

As a result, Coinbase’s attempt to expand into the US futures market and increasing Solana ETF applications can be considered indicators that the cryptocurrency market is moving towards greater integration with traditional finance. These developments stand out as important events that should be followed closely for both investors and the cryptocurrency market.

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Application from Coinbase and the Giant Company for SOL Coin and Those 5 Altcoins!