Ethereum

Bermuda

Solana

Bitcoin

Avalanche

The move to include Solana and Avalanche contracts aligns with the increasing demand for diverse crypto investment options. These additions will be available on Coinbase International Exchange and <a href="https://financefeeds.com/coinbase-warns-bitcoin-sv-holders-to-withdraw-funds-before-liquidation/" rel="noopener noreferrer nofollow">Coinbase Advanced</a> platforms, targeting non-US customers across specific jurisdictions. The inclusion of SOL and AVAX complements the existing lineup of Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Litecoin (LTC) perpetual futures on Coinbase.
Perpetual futures contracts, which allow for indefinite speculation on asset price movements, are gaining popularity among traders. They offer various strategies like arbitrage, leveraging, and hedging against market volatility. However, traders are advised to approach with caution, considering the risks of over-leveraging, liquidation, and market volatility.
<a href="https://financefeeds.com/coinbase-q3-revenue-up-despite-slump-in-trading-volumes/" rel="noopener noreferrer nofollow">Coinbase's listing</a> comes at a time when both Solana and Avalanche have shown considerable market strength. Solana, in particular, has witnessed a massive rally by more than 50% in the past week, which marks a 165% surge over the last month. The asset's price recently exceeded the $55 mark for the first time since May 2022, drawing increased attention and discussions among investors.
<a href="https://financefeeds.com/coinbase-delists-80-trading-pairs-none-involves-usdc/" rel="noopener noreferrer nofollow">Coinbase Advanced</a>&nbsp;is touted as a platform for seasoned retail traders. These perpetual futures contracts enable traders to speculate on crypto asset price fluctuations without a defined expiry date.
In May 2023, Coinbase procured a class F license from the BMA, granting it permission to offer perpetual futures to non-US institutional clients. The new product addition will help traders take advantage of volatility, hedge risk and discover prices through options, which are generally simple and have no special or unusual features.
The US-based publicly traded exchange launched its&nbsp;<a href="https://financefeeds.com/coinbases-trading-volume-slumps-by-over-half-amidst-wider-crypto-slowdown/" rel="noopener noreferrer nofollow">international derivatives exchange</a>&nbsp;in Bermuda amid a deepening regulatory crackdown at home. The launch came after the company received regulatory approval from the Bermuda Monetary Authority as part of an aggressive expansion outside the United States.
The offshore entity, called Coinbase International Exchange, allows users outside the US to trade on both spot and derivatives markets. Bitcoin and Ether perpetual contracts were initially introduced as its first derivative contracts, but other products are expected to launch soon afterwards.

Coinbase expands crypto futures with Solana and Avalanche

FinanceFeeds

Other articles published on Nov 14, 2023

Privacy-first, copyright-friendly content is key to driving Web3 adoption

Ethereum Price Enters Consolidation Phase as Investors Await CPI Data

Cardano Ushers New Era of Innovation with Java-Based Tool Ledger Sync

Animoca Brands Joins Chiliz Network as a Validator

MOONs live on as r/Cryptocurrency to renounce smart contract igniting 149% surge

Binance Validates 649 User Proposals Emphasizing User-Centric Development

Join our free newsletter for daily crypto updates!