|
|
On February 20, 2024, Coinbase International Exchange, a branch of the US-based Coinbase cryptocurrency exchange, announced a significant milestone.
Coinbase International Exchange revealed that its perpetual futures trading volume in nominal contract transactions had surpassed $1 billion within a 24-hour period.
Perpetual futures are derivative contracts that allow traders to speculate on the price movements of cryptocurrencies without expiration dates or the delivery of underlying assets.
The overseas Coinbase exchange is only accessible to non-US consumers in specific jurisdictions and made its debut in Bermuda in May 2023, initially launching BTC and ETH perpetual futures.
Since then, the exchange has expanded its listing to support major cryptocurrencies such as Cardano (ADA), Solana (SOL), XRP, Optimism (OP), Arbitrum (ARB), Ethereum Classic (ETC), Polygon (MATIC), Bitcoin Cash (BCH), Dogecoin (DOGE), Chainlink (LINK), Stellar (XLM), Avalanche (AVAX), and Litecoin (LTC).
In January, Coinbase International Exchange added support for Celestia, Injective, and Sei perpetual futures contracts. In early February, the exchange announced support for Aptos, Filecoin, and Sui perpetual futures contracts.
In the upcoming listings, Coinbase International Exchange will add support for Polkadot, Internet Computer, and NEAR Protocol perpetual futures contracts. DOT-ERP, ICP-PERP, and NEAR-PERP markets are expected to open starting from February 22, 2024, at 10:00 AM UTC or later.
In addition to expanding the supply of crypto assets, the trading volume of Coinbase International Exchange has also grown. According to Coinbase's fourth-quarter earnings call, the nominal contract volume of perpetual futures on Coinbase International Exchange exceeded $16 billion in the fourth quarter.
In December 2023, Coinbase announced the next phase of expansion for its international exchange: launching non-US spot markets for eligible customers. This began with BTC-USDC and ETH-USDC trading pairs. |
|
Post time 2-3-2024 09:23:48