Dogecoin, Cardano, and Shiba Inu are set to gain significant traction following Coinbase’s announcement that it will introduce U.S. perpetual-style futures for these popular altcoins. The crypto exchange confirmed that trading for these new futures products will begin on December 12, opening the door for both institutional and retail investors to participate. Coinbase will also roll out perpetual-style futures for AVAX, BCH, LINK, HBAR, LTC, DOT, SUI, and XLM, further expanding its derivatives lineup.
In addition, Coinbase revealed that 24/7 trading for monthly futures tied to Dogecoin, Cardano, and Shiba Inu will launch on December 5 through its derivatives platform. This development aligns the exchange more closely with the global perpetual futures market while adhering to CFTC regulations. Having previously launched similar U.S. futures products for Bitcoin and Ethereum, Coinbase is now extending these opportunities to high-demand altcoins, potentially boosting liquidity, adoption, and market visibility.
The timing is favorable, as recent analyses point to renewed bullish sentiment for these assets. Technical indicators showed Dogecoin forming a cup-and-handle pattern — often a precursor to an upside breakout — which could signal growing market strength as crypto prices attempt to rebound from recent downturns.
Beyond this, institutional interest in these altcoins is rising. Grayscale’s DOGE ETF has been certified for listing on NYSE Arca, scheduled for November 24, marking a notable milestone for Dogecoin’s legitimacy in traditional finance. A Cardano ETF may also be on the way, pending SEC approval, while T. Rowe Price recently filed for a crypto-index ETF that includes Shiba Inu. SHIB, in particular, stands to benefit from faster ETF approval under the SEC’s generic listing standards due to its regulated futures market on Coinbase.
With expanding institutional access and new futures products, Dogecoin, Cardano, and Shiba Inu could see increased adoption and potential bullish momentum in the months ahead.
