Cardano Futures to go live soon – Will it change ADA’s market outlook? – BitRss

• Coinbase Derivatives has filed with the CFTC to list ADA ($0.74) futures, set to launch on 31 March
• Open interest and funding rates signaled mixed sentiment, raising questions about ADA’s short-term price direction

Coinbase Derivatives has officially filed with the CFTC to introduce Cardano [ADA] Futures, expanding its crypto derivatives offerings. With an anticipated launch date of 31 March, this move is a sign of growing institutional interest in ADA. Hence, the question – How has the market reacted so far? 

Examining key Futures indicators, funding rates, and price action lends us some insights into whether this development could spark a new trend for Cardano or not. 

Coinbase’s ADA Futures and market implications

The approval of ADA Futures on Coinbase is an important moment for Cardano. As derivatives trading allows investors to take leveraged positions, this could increase liquidity and volatility in the altcoin’s market. 

Historically, the introduction of Futures contracts on major exchanges has had varying effects on asset prices, often leading to initial speculation followed by price corrections. If i…