The leading US cryptocurrency platform, Coinbase International Exchange, is set to broaden its trading tools by introducing perpetual futures contracts for Polygon (MATIC) and Bitcoin Cash (BCH) on December 7, 2023.
This move follows the addition of ADA, LINK, DOGE, and XLM perpetual futures contracts, catering to the increasing demand for diverse crypto trading options.
Despite a legal clash with the SEC, Coinbase’s strategic expansions have propelled its native cryptocurrency, COIN, from $71.88 to $128.27 in November, marking a 78% rise. COIN’s current trading price is $133.76, up 7.25% in 24 hours.
Coinbase’s commitment to innovation and consumer satisfaction is evident through its initiative to introduce perpetual futures contracts, allowing traders to speculate on crypto price changes without owning the assets.
This step is anticipated to enhance market liquidity and trade volume, solidifying Coinbase’s position in the crypto industry.
Also Read: Goldfinch Approves Expansion to Coinbase’s Base Layer-2
