Coinbase, one of the leading cryptocurrency exchanges, reveals plans to roll out perpetual futures contracts for three prominent cryptocurrencies: Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) Did. These perpetual futures contracts will be available for trading on both the Coinbase International Exchange and Coinbase Advanced platforms.
Traders and investors can expect these markets to be operational after 10am UTC on February 22, 2024. Coinbase’s move underscores the company’s efforts to expand its product offerings and meet the growing demand for futures trading in the crypto market. Stay tuned for more updates as we get closer to the release date.
Expand your market offering with perpetual futures for Coinbase, DOT, ICP, and NEAR
Coinbase’s introduction of perpetual futures markets for Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) marks a significant expansion of the crypto trading environment. The launch of the DOT-PERP, ICP-PERP, and NEAR-PERP markets has given crypto investors more trading options to participate in futures contracts for these popular digital assets.
This move not only widens the range of trading instruments available, but also provides traders with additional opportunities to manage risk and take advantage of market movements. Coinbase’s decision to add these perpetual futures markets highlights the company’s responsiveness to the evolving needs and preferences of its user base. Coinbase is poised to meet the growing demand for derivative products in the cryptocurrency space by expanding its offering to include his DOT, ICP, and NEAR perpetual futures.
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Analyzing the impact of Coinbase’s perpetual futures launch
Coinbase’s decision to introduce perpetual futures contracts on Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) has significant implications for traders, investors, and the broader crypto market . Firstly, the introduction of these perpetual futures contracts brings various benefits to traders and investors.
These contracts provide flexibility and profit opportunities by allowing you to speculate on price movements without the need for an expiry date. Additionally, perpetual futures provide a means of risk management, allowing market participants to effectively hedge their exposure to volatility.
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