CandleFocus Crypto.com’s Exchange Nadex Lists 4 Memecoins Derivatives
2024-10-09
Author: Content Editor
Crypto.com's US derivatives exchange, Nadex, has added four derivatives linked to memecoins including PEPE, FLOKI, Dogelon Mars (ELON), and BONK. The total market capitalization of these memecoins is nearly $7 billion. The derivatives contracts, known as "touch brackets," serve as hedging tools and pay out if a token's spot price reaches a predetermined ceiling or floor before the contract expires. These options have not yet received approval from regulatory agencies like the CFTC, as they do not require explicit regulatory approval before listing. Nadex aims to expand its cryptocurrency derivatives offerings to meet the demand for regulated products.
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