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Coinbase, the largest cryptocurrency exchange in the United States by trading volume, is intensifying its activities in the country. The publicly traded company has taken various steps to increase its revenue through alternative channels. These initiatives, ranging from custody services to a global exchange, have positively influenced the company’s balance sheets. Now, Coinbase is taking action specifically for ADA Coin.
Latest on ADA Coin
Previously, Coinbase applied to the CFTC to offer futures for various altcoins, and has begun to provide these services. Now, through Coinbase Derivatives, the company has submitted an application to the CFTC for two additional products: futures for Cardano 
$0.701171 and Natural Gas (NGS). This means futures trading for both natural gas and ADA Coin will soon be available.
Although ADA Coin’s price did not show a significant reaction following the news, its growing popularity in the U.S. is promising. Coinbase Institutional mentioned in an announcement:
“We are excited to announce that Coinbase Derivatives has applied to the CFTC to self-certify Natural Gas (NGS) futures and Cardano ($ADA) futures, expanding our offerings in both the energy and crypto derivatives markets. We anticipate launching these products on Monday, March 31. Stay tuned for more details on launch timelines and availability.”
