Coinbase Perpetual Futures A Game Changer for Global TradersCoinbase Perpetual Futures A Game Changer for Global Traders

Coinbase Perpetual Futures: A Game-Changer for Global Traders

News, Altcoin news

In a strategic move set to redefine the landscape of cryptocurrency trading, Coinbase has unveiled an enticing opportunity for its international clientele. As of October 18, traders residing in eligible non-US regions can engage in perpetual futures trading on Coinbase Advanced, the platform tailored for astute individual traders.

The allure of perpetual futures lies in their ability to offer traders a chance to speculate on the price movements of cryptocurrencies without owning the assets. Coinbase Advanced users, in select non-US geographies, can now dive into this exhilarating realm, bidding in USDC – the currency of their choice – on four distinct contracts. These contracts encompass Litecoin, Bitcoin, Ether, and XRP, with each providing up to 5X leverage, except for XRP, which offers up to 3X leverage.

What makes this endeavor even more captivating is the assurance of sufficient funding. Coinbase has emphasized that its USDC-funded Liquidity Support Program and Insurance Fund stand as pillars of financial stability, ensuring a seamless trading experience for its users.

The trading arena, at least for now, is confined to the Coinbase Advanced webpage, offering a secure environment for perpetual futures enthusiasts. However, the platform has tantalizing news for those glued to their mobile devices – mobile trading will soon become a reality, extending the reach of this exhilarating opportunity.

Moreover, Coinbase is keen on transparency and liquidity. The exchange has disclosed that independent liquidity providers, rigorously evaluated for compliance, are the driving force behind the liquidity on its platforms. This approach ensures a fair and vibrant market without the interference of the exchange in market-making activities.

As the world of cryptocurrency trading evolves, Coinbase’s foray into perpetual futures marks a significant milestone. It’s not just a feature; it’s a testament to Coinbase’s commitment to empowering global traders and enthusiasts, making the cryptocurrency market accessible and exciting for everyone.

Coinbase, XRP

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