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<a href="https://bitcoinworld.co.in/coinbase-announces-support-for-sol-avax-perpetual-futures/" title="Coinbase Announces Support For SOL &amp; AVAX Perpetual Futures" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Coinbase announced that it is launching support for Solana and Avalanche perpetual future contracts.</li> 
 <li style="font-weight: 400">If liquidity conditions meet the criteria, Coinbase’s SOL-PERP and AVAX-PERP markets will start on November 14.</li> 
 <li style="font-weight: 400">On October 19, Coinbase received regulatory approval to enable retail perpetual futures trading.</li> 
</ul> 
On November 13, Coinbase International Exchange announced that Solana and Avalanche perpetual futures contracts would be supported on the exchange and Coinbase Advanced. Furthermore, assuming liquidity conditions are met, Coinbase’s SOL-PERP and AVAX-PERP markets will go live on November 14 at 4 PM UTC.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/CoinbaseIntExch?ref_src=twsrc%5Etfw">@CoinbaseIntExch</a> will add support for Solana and Avalanche perpetual futures contracts on Coinbase International Exchange &amp; Coinbase Advanced. The opening of our SOL-PERP and AVAX-PERP markets will begin on or around 4pm UTC on 14 November 2023, if liquidity conditions are met. <a href="https://t.co/D2QTV9k9Qe">pic.twitter.com/D2QTV9k9Qe</a> 
 — Coinbase International Exchange <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CoinbaseIntExch) <a href="https://twitter.com/CoinbaseIntExch/status/1723838492449403058?ref_src=twsrc%5Etfw">November 12, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Coinbase said in August that it had been approved by the National Futures Association (NFA), which is a recognized self-regulatory entity under the jurisdiction of the Commodity Futures Trading Commission (CFTC). Coinbase now operates as an officially registered Futures Commission Merchant (FCM) as a result of this authority. 
As a result, Coinbase users in the United States gained access to federally regulated crypto derivatives with margin on August 16. Coinbase CEO Brian Armstrong described this outcome as a “significant milestone for crypto regulatory clarity in the United States.” 
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/good-news-from-coinbase-for-bitcoin-and-cryptocurrencies/" aria-label="“Good News from Coinbase for Bitcoin and Cryptocurrencies” (Edit)">Good News from Coinbase for Bitcoin and Cryptocurrencies</a> 
Finally, Coinbase got regulatory authority on October 19 to allow retail perpetual futures trading for qualifying non-US consumers. Linda P. Jones, author of the book “3 Steps to Quantum Wealth,” explained the significance of this approval for XRP futures trading on the crypto exchange at the time in a post on X (previously Twitter). According to Jones, this development has three key ramifications, including a bullish season for XRP. Jones went on to say, 
“Wall Street firms, mostly hedge funds, are the firms who trade futures contracts. This is about institutional money coming into the trade, it is not about retail investors. This is bullish for XRP because it means the large wave of institutional money is close to coming in and they want to trade on the volatility.” 
The demand for perpetual futures contracts has surged in the cryptocurrency industry. According to Laevitas data, the global volume for perpetual contracts on centralized exchanges (CEX) hit $195.3 billion as of November 10. Binance, a Coinbase competitor, had the greatest volume, with the OKX exchange close behind. 
Conor Ryder, a research analyst at Kaiko, told <a href="https://www.bloomberg.com/news/articles/2023-05-05/bitcoin-btc-perpetuals-seen-becoming-an-even-bigger-driver-of-prices">Bloomberg</a> that the ratio of Bitcoin perpetual to spot volume is currently at its highest level in over two years. He went on to say that these perpetual contracts, known as “perps” in the market, have no expiration dates and are quite popular among traders. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/coinbase-announces-support-for-sol-avax-perpetual-futures/">Coinbase Announces Support For SOL &amp; AVAX Perpetual Futures</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Coinbase Announces Support For SOL & AVAX Perpetual Futures

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