Coinbase
has announced an expansion of its services, allowing eligible non-US customers
to trade perpetual futures on Coinbase Advanced. For sophisticated retail traders
worldwide, it provides an integrated platform to access both highly liquid spot
markets and cutting-edge derivatives.
This
move is a response to the substantial demand within the crypto community for
futures products. The global crypto derivatives market represents a staggering
75% of crypto trading volume worldwide.
The
popularity of crypto derivatives, which include perpetual futures, can be
attributed to several factors. These products offer traders the ability to use
margin, resulting in increased capital efficiency and access to the crypto
market with lower upfront investment. They enable traders to seamlessly go long
and short, providing them with powerful tools to manage risk on their
underlying crypto assets.
Coinbase
Advanced initially offers four perpetual contracts: Bitcoin, Ethereum, Litecoin, and Ripple. These contracts
provide leverage of up to 5X, with Ripple offering up to 3X leverage. All
perpetual futures contracts are settled in USDC, a globally-trusted
stablecoin. The platform also plans to expand its offerings in the coming
months, increasing the diversity of products available to customers.
Perpetual futures have arrived: Coinbase Advanced customers in eligible non-US geos can now trade BTC, ETH, LTC, and XRP perpetual contracts.
Learn more at → https://t.co/IHc0ZI6rHv pic.twitter.com/7J1NFDmrPX
— Coinbase 🛡️📞 (@coinbase) October 18, 2023
Key
Features of Coinbase Advanced
Coinbase
is introducing an array of features for traders, with an initial fee of 0% for
makers and a modest 0.03% for takers. They are developing mobile trading
options for added convenience.
Coinbase
Advanced also presents an integrated trading experience, combining both spot
and derivatives markets into a user-friendly interface. Moreover, traders are
equipped with tools like diverse order options, TradingView charts
for in-depth analysis, and APIs for automated trading.
Coinbase plans to collaborate
with its retail advanced traders to further evolve Coinbase Advanced into a versatile
trading platform. The launch of perpetual futures on Coinbase Advanced marks a step
forward in the world of crypto trading, with the goal of equipping advanced
traders with the necessary tools and security for their trading.
Coinbase
has announced an expansion of its services, allowing eligible…
