TLDR: Shiba Inu price will underpin a Nadex event contract. The exchange self-certified the product with the CFTC on November 10. Nadex’s notice cites November 13 or later for listing. Its CF
Shiba Inu price is in focus after Nadex filed a new event contract tied to the meme coin. The U.S. derivatives exchange self-certified the product with the Commodity Futures Trading Commission on November 10. The filing describes a swap linked to SHIB at a specified date and time. SHIB is one of several tokens covered in the exchange’s latest round of proposed price-linked products.
Exchange documents give different earliest listing dates, and the notice alone does not confirm trading has started. The Shiba Inu price closed at $0.00000425 on November 13, down from $0.00000446 on November 10, CoinGecko data shows.
Shiba Inu price (SHIB)
Nadex, formally the North American Derivatives Exchange, operates as Crypto.com Derivatives North America. Its public notice says the contracts will be listed on or after November 13. However, its CFTC submission gives November 14 or later as the intended listing date.
Self-certification means the exchange has certified that the product complies with applicable rules. CFTC guidance says exchanges can list self-certified products without obtaining prior agency approval. The filing itself does not establish whether the contracts are now trading.
The product lets traders take a position on whether the Shiba Inu price will finish above a chosen level. That threshold is called the strike price. The exchange will determine the outcome using the average benchmark price during the 60 seconds before expiration. The benchmark draws on price data from multiple crypto exchanges.
If the benchmark finishes above the strike, the buyer receives $1 per contract. Otherwise, the seller receives $1 per contract. A trader’s net result also depends on the entry price and fees.
For example, a buyer paying $0.40 could receive $1 if the condition is met. That would mean a $0.60 gain before fees. If the condition is not met, the buyer would lose the $0.40 paid, plus any fees.
The filing describes Shiba Inu price contracts with 15-minute, hourly, four-hour, daily and weekly expirations. The contracts settle in cash and do not require traders to own SHIB. Nadex says at least one market maker has committed to supplying liquidity. That commitment does not guarantee strong trading volume.
Nadex has offered SHIB derivatives before. CFTC records show the exchange self-certified an earlier Shiba Inu event contract in April 2026. The exchange said it had previously listed SHIB event contracts in November 2023. The April contract used a different pricing benchmark.
The new product could give traders another way to take a position on the Shiba Inu price. But buying an event contract does not necessarily involve buying the token. As a result, the filing alone does not establish how much demand could reach the spot market.
Traders can also express opposing views through derivatives. Some may use contracts to hedge existing holdings, while others may speculate on short-term moves. Any effect on the Shiba Inu price would depend on trading activity and how participants manage their exposure.
Nadex submitted similar strike contract filings for several other cryptocurrencies. They include XRP, Solana, Stellar, Dogecoin, Litecoin, Hedera, Ondo and Polkadot. The applications point to a wider range of proposed crypto products on the exchange.
Other platforms have also expanded their offerings. Kalshi has listed SHIB perpetual futures, while Robinhood has offered crypto perpetual futures in Europe. Perpetual futures have no fixed expiry, unlike the event contracts described in the Nadex filing.
The filing is also separate from an exchange-traded fund. T. Rowe Price’s listed Active Crypto ETF includes SHIB among assets eligible for investment. Its September 30 filing did not list SHIB among the fund’s holdings, which could change over time. The multi-asset ETF is not a dedicated SHIB fund.
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