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- The cryptocurrency market is beginning to show signs of renewed activity, with Bitcoin and altcoin bulls continuing their struggle for advancement.
- However, bears are quickly nullifying any rally moves, leading crypto exchanges to create new alternatives for their customers.
- Leading crypto exchange Coinbase’s futures arm, Coinbase International, has announced the launch of futures contracts for three altcoins that are of particular interest to Turkish crypto investors.
Coinbase International announces the launch of futures contracts for three altcoins, signaling renewed activity in the cryptocurrency market.
Coinbase International Adds JTO, JUP, and TNSR to Its List
Crypto exchanges continue to update their lists, and traders and investors are closely monitoring not only spot trading lists but also futures trading lists. In this context, Coinbase International, the futures arm of leading crypto exchange Coinbase, has announced the start of continuous contract transactions for JTO, JUP, and TNSR. The exchange has stated that the contracts in question will be made available for use at or after 12:30 PM Turkish Standard Time on May 16th.
Coinbase’s Base Emerges as the Top Choice for New Capital
Layer-2 networks have witnessed significant activity this year, even as their native tokens drop amidst intense market volatility. However, a recent analysis by IntoTheBlock has highlighted Base as a standout. According to the analysis, Base continues to be the primary attraction for new capital. Data shared by IntoTheBlock shows that the net amount of ETH invested in Base this week exceeded 6,500 ETH, showing a notable increase. On the other hand, its competitor, Arbitrum, only saw half of this amount, while Optimism lagged even further behind, receiving only a fifth of the deposits that Base did. This trend suggests that despite growing interest in Layer 2 scaling solutions, investors still prefer Base for deploying their capital, possibly due to its established infrastructure or perceived reliability.
Conclusion
The recent moves by Coinbase International and the continued interest in Layer 2 solutions like Base indicate a renewed dynamism in the cryptocurrency market. As exchanges continue to innovate and offer new trading options, and as investors continue to show interest in emerging solutions, the market is likely to see further activity and development in the coming months.
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