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Market News

Coinbase Debuts Perpetual Futures Trading for DOT, ICP, NEAR

Written By Gabriel Mael
Published February 17, 2024 5:17 AM·Updated 3 years ago
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Coinbase Debuts Perpetual Futures Trading for DOT, ICP, and NEAR

In a move that promises to shake up the cryptocurrency trading landscape, Coinbase, one of the leading cryptocurrency exchanges, has announced the imminent launch of perpetual futures contracts for three prominent digital assets, Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR). 

@CoinbaseIntExch will add support for Polkadot, Internet Computer, and NEAR Protocol perpetual future contracts on Coinbase International Exchange and Coinbase Advanced. The opening of our DOT-PERP, ICP-PERP, and NEAR-PERP markets will begin on or after 10am UTC on 22 FEB 2024. pic.twitter.com/tuwc81APIZ

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) February 15, 2024

This groundbreaking development will enable traders to speculate on the future prices of these cryptocurrencies without predefined expiration dates.

The introduction of DOT-PERP, ICP-PERP, and NEAR-PERP markets on Coinbase’s international and advanced trading platforms is a testament to the exchange’s commitment to diversifying its product offerings and catering to the evolving needs of crypto enthusiasts. 

This strategic expansion not only broadens the range of trading instruments available but also empowers traders with enhanced risk management capabilities and opportunities to capitalize on market movements.

Also Read: Revolut Unveils Advanced Crypto Exchange with Lower Fees

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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