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Dogecoin may have started out as a joke, but on April Fools' Day this year, it's getting serious attention. Cryptocurrency exchange Coinbase, known for its strict listing standards and regulatory compliance, is set to launch futures trading for its top dog-themed meme coin alongside Litecoin and Bitcoin Cash.Coinbase believes that Dogecoin's “enduring popularity” shows it has evolved from a whimsical meme to a foundational element in the current investment environment.Dogecoin Demystifies Meme Status with Futures Trading Upcoming Coinbase Futures In three separate letters to the Commodity Futures Trading Commission (CFTC) on March 7, Coinbase revealed its intention to launch monthly cash-settled futures contracts for Dogecoin (DOGE), Litecoin (LTC) and Bitcoin Cash (BCH). Coinbase said in the letter that it will adopt a self-certification pathway under CFTC Regulation 40.2(a) to list these futures contracts. This method allows exchanges to launch new services before receiving CFTC approval as long as they comply with regulatory guidelines set forth by the commission.Coinbase secures DOGE futures listing by arguing that memecoin has transcended its joke status and has grown to become a force to be reckoned with in the crypto landscape. The community's polarity shows that it has transcended its origins as a meme to become a major part of the crypto world.”DOGE price has increased as much as 14.2% in the past 24 hours to trade at $0.1517 at the time of writing. When is DOGE ETF? Crypto observers say Coinbase's move is calculated given that Dogecoin, Litecoin, and Bitcoin Cash are all based on Bitcoin's proof-of-work mechanism, and the SEC recognizes BTC as a commodity. Therefore, this could potentially prevent regulators from classifying such crypto assets as securities. Bloomberg ETF analyst James Seyffart commented on X, “This is interesting… wonder if Does the SEC object to classifying them as 'commodity futures' or 'equities futures'? Given its origins in Bitcoin, arguing it is a security will be challenging, especially after the#BitcoinETFwas approved for spot delivery. Coinbase's Choice May Be Strategic.” Others see Coinbase's move to launch Dogecoin futures as a possible precursor to the launch of spot DOGE exchange-traded funds (ETFs). US-based futures. The green light for spot Bitcoin (BTC) ETFs in January and the subsequent success of these new products has brought optimism to many about the possibility The possibility of ETFs based on other cryptocurrencies such as ether, Dogecoin, Ripple's XRP and others warrants approval. But whether the same trend will happen for these altcoins remains to be seen