Nadex Lists Cash-Settled Shiba Inu Strike Contracts on Its Platform

North American Derivatives Exchange (Nadex), doing business as Crypto.com | Derivatives North America, lists cash-settled contracts tied to Shiba Inu (SHIB), giving U.S. traders price exposure through a range of expiration periods. Nadex self-certified the swap with the Commodity Futures Trading Commission (CFTC) on Nov. 10. The listed durations are 15 minutes, one hour, four hours, daily and weekly.

Each contract settles based on whether SHIB’s reference price finishes above a selected strike. The filed terms set the reference as the CF Shiba Inu-Dollar Spot Rate (SHIBUSD_RTI), averaged over the final 60 seconds before expiration. A contract that finishes in the money has a $1 settlement value.

The terms set a $1 notional value for each contract and a $0.01 minimum price fluctuation. Contracts settle in U.S. dollars, so they do not require traders to receive or deliver SHIB. This is a derivatives product tied to SHIB’s price, rather than a spot-market listing of the token.

The listed trading hours are 24/7, with expiration schedules in Eastern Time. The mix of intraday, daily and weekly contracts gives traders different time frames for taking a position on whether the reference price will clear a chosen strike at expiration.

Nadex’s self-certification is a filing under the CFTC process for designated contract markets to list products without prior agency approval. It is not a separate CFTC approval. Same-day strike-contract certifications also covered Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Solana (SOL) and XRP.