Coinbase News: Introduction of Cardano Futures Opens New Doors for Institutional Investors

Coinbase has made a significant move in the cryptocurrency market by introducing Cardano (ADA) futures, a development that is expected to have a positive impact on the Cardano community and attract institutional investors.

Coinbase Introduces Cardano Futures

Coinbase has announced the introduction of Cardano (ADA) futures, a significant development for the Cardano community. The move opens new doors for institutional investors seeking exposure to the crypto asset. Coinbase Derivatives has filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for both Natural Gas (NGS) and Cardano (ADA), anticipating going live with these products on Monday, March 31.

Horizen Labs Embraces Layer-3 Evolution, Joins Coinbase’s Layer 2 Network

Layer-3s are seen as a necessary innovation in crypto, removing friction and lowering costs for mainstream adoption. Horizen Labs, led by CEO Rob Viglione, has made a pivotal governance decision to transition to Base, Coinbase’s Layer 2 network, specializing in privacy-preserving applications. Critics argue that Layer-3s add unnecessary complexity, but Horizen Labs believes they are an inevitable evolution of blockchain infrastructure.