Coinbase has launched perpetual futures contracts for Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR), trading for users on the Coinbase Advanced and Coinbase International Exchange platforms.
Traders and investors can anticipate these markets to go live on February 22, 2024, at or after 10 a.m. UTC. Coinbase’s action highlights its dedication to augmenting its portfolio of products and meeting the escalating need for futures trading within the cryptocurrency sector. Please remain informed as the launch date approaches with additional updates.
The implementation of perpetual futures markets by Coinbase for Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) signifies a substantial development in the realm of cryptocurrency trading.
Because of the introduction of the DOT-PERP, ICP-PERP, and NEAR-PERP markets, cryptocurrency investors can now engage in futures contracts for these well-known digital assets in various ways.
This action not only expands the repertoire of trading instruments accessible to traders but also furnishes them with supplementary prospects to mitigate risk and exploit market fluctuations.
The addition of perpetual futures markets by Coinbase demonstrates the company’s sensitivity to its clientele’s changing preferences and requirements. Coinbase aims to satisfy the increasing need for derivative products in the cryptocurrency industry by incorporating DOT, ICP, and NEAR perpetual futures into its portfolio.
Effects of Coinbase Perpetual Futures
The introduction of perpetual futures contracts by Coinbase for Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) has substantial ramifications for investors, speculators, and the cryptocurrency market as a whole. To begin with, implementing perpetual futures contracts offers many advantages for investors and speculators.
These contracts afford adaptability and potential financial gain by providing the ability to speculate on price fluctuations without imposing an expiration date. Moreover, perpetual futures offer risk mitigation opportunities, enabling market participants to safeguard against volatility efficiently.