Expansion of 24/7 futures trading for various altcoins including Coinbase derivatives, ADA, AVAX, DOGE, SHIB, etc.

admin34 minutes ago

Coinbase Derivatives plans to expand 24/7 trading for listed altcoin futures, including Avalanche, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Hedera, Litecoin, Polkadot, Shiba Inu, Stellar, and SUI.

Non-stop trading for these assets is scheduled to launch on December 5. mail From X on Coinbase Markets. This is in addition to Coinbase Derivatives’ existing 24/7 support for Bitcoin, Ethereum, Solana, and XRP products, including nano and “perp-style” futures products.

Additionally, Coinbase is planning to add U.S. perpetual futures for the altcoin, according to an X post on Friday. These long-duration futures are similar to other cryptocurrency-based perpetual contracts in that they use a funding rate mechanism to keep the futures contract price in line with the spot market. However, the validity period is 5 years whereas the actual culprit is indefinite.

Coinbase’s CFTC Regulated Derivatives Division Bitcoin and Ethereum futures open 24/7 May transaction and criminal style gift In July. The product launch comes on the heels of Coinbase’s historic launch. $2.9 billion Deribit acquisition.

Coinbase’s expanding futures offerings come as more and more trading activity moves to decentralized platforms like Hyperliquid and Lighter. The block’s DEX measure of CEX futures trading volume is currently at an all-time high. high.

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