Crypto.com’s North American derivatives exchange Nadex has listed derivatives contracts tied to memecoins like PEPE and FLOKI. According to filings with the U.S. Commodity Futures Trading Commission (CFTC) on Oct. 7, Nadex has also listed derivatives tied to Dogelon Mars (ELON) and BONK. The four memecoins have a combined market cap of around $7 billion, according to CoinMarketCap.

Adding to Nadex’s existing portfolio of crypto derivatives products, these contracts also include contracts tied to blockchain network tokens like Bitcoin (BTC) and Ether (ETH). Touch Bracket contracts are hedging instruments that pay out when the spot price of a token touches a set ceiling or floor.

Crypto derivatives are rapidly expanding on U.S. regulated exchanges. In September, the U.S. Securities and Exchange Commission (SEC) allowed Nasdaq to list options tied to BlackRock’s BTC exchange-traded fund (ETF). Nadex reached over 28 million trading volumes in 2023 on contracts tied to BTC, ETH, and Litecoin (LTC).

What do you think about these developments? We look forward to your comments.