Coinbase International Exchange, a subsidiary of Coinbase Global Inc., has declared that it will list four new assets—Cardano (ADA), Dogecoin (DOGE), Chainlink (LINK), and Stellar—as perpetual future contracts (XLM).
The trading giant revealed that the four trading pairs for the four assets would be posted by 10 am UTC on December 30, paving the way for its clients to accept these new virtual currencies as long as the liquidity requirements are satisfied.
The trading company stated that the Coinbase International Exchange and Coinbase Advanced will host the live markets for the pairs ADA-PERP, LINK-PERP, DOGE-PERP, and XLM-PERP, respectively.
The four new cryptocurrencies are offered alongside existing ones, such as Bitcoin (BTC), Ethereum (ETH), and XRP, which have been listed since the platforms started to cater to clients outside of the United States.
Due to the ambiguous legislation governing Coinbase users in the US, the exchange had to look for an alternative strategy to serve its non-US clientele properly.
This resulted in the founding of Coinbase International, and the most recent addition of ADA, LINK, DOGE, and XLM constitutes a calculated strategic expansion to reach a larger number of traders into the broader cryptocurrency ecosystem.
Choosing these assets was simple because of their distinctive value propositions and devoted following. Chainlink has kept growing as the industry’s de-facto Oracle service provider, even though Cardano has garnered attention this year for its fresh ideas and commitment to research and development.