HomeCrypto NewsMarketShiba Inu Enters U.S. Regulated Derivatives Market With New Coinbase Launch

Shiba Inu Enters U.S. Regulated Derivatives Market With New Coinbase Launch

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Coinbase has expanded regulated access to crypto derivatives by launching U.S. perpetual-style futures for Shiba Inu and several other altcoins. 

In an announcement shared on X, the exchange confirmed that its 1k SHIB Index, introduced earlier this year, is now live for trading on Coinbase Derivatives. Notably, the product is available 24/7 to both retail and institutional traders through approved Futures Commission Merchants (FCMs).

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Besides SHIB, the rollout also features major altcoins such as Cardano, Avalanche, Dogecoin, Sui, Polkadot, Hedera, Bitcoin Cash, Litecoin, and Chainlink. Notably, the inclusion of meme coins in this lineup, specifically Shiba Inu, has attracted attention.

From Meme to Regulated Market Exposure

Indeed, Shiba Inu, the second-largest meme coin, has now taken a major step forward by entering U.S.-regulated perpetual-style futures markets.

Reacting to the development, Shiba Inu community member RuggRat argued that SHIB’s inclusion in regulated markets demonstrates its evolution beyond meme status, noting that entry into such markets is a milestone that meme coins rarely achieve. 

Accordingly, he argues that the move shows that Shiba Inu is no longer competing with meme coins. In his view, the product places SHIB within the same regulatory framework as more established assets such as Bitcoin and Ethereum.  

Shiba Inu Expanding Regulatory Validation 

According to RuggRat, the Coinbase listing adds to Shiba Inu’s growing list of regulatory milestones. He noted that SHIB has already been added to Japan’s green list alongside Ethereum and Bitcoin after passing strict transparency, compliance, and technical reviews. 

This approval also makes SHIB eligible for Japan’s proposed 20% flat crypto tax, a significant reduction compared to the country’s previous crypto tax regime of up to 55%. He argued that the developments confer regulated-grade approval on SHIB. 

Growing Institutional Adoption 

Contrary to claims that Shiba Inu has yet to attract institutional adoption, RuggRat argues that the trend is already underway. He highlighted several indicators that support this view, such as SHIB’s inclusion in T. Rowe Price ETF filing in the U.S., Valour’s launch of a SEK-denominated ETP focused on the token across European markets, Gemini’s SHIB perpetual contracts, and the Coinbase 1k Shib Index. 

He further stressed that beyond market access, Shiba Inu’s ecosystem has continued to expand on the technical front. The project’s L2 network, Shibarium, is fully operational, with an L3 privacy solution currently underway. 

Additional ecosystem components mentioned include K9 Finance DAO’s liquid staking, active audits, and growing dApp deployments. These milestones, he argues, differentiate SHIB from many meme tokens, including Floki and Dogecoin, which lack comparable infrastructure. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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