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COINOTAG reported on December 6th that Coinbase International is set to enhance its trading offerings by providing support for new perpetual futures. This update includes the introduction of MOODENG-PERP, ALGO-PERP, SAND-PERP, and 1000MOG-PERP futures markets. Traders can access these markets starting December 12, 2024, at 9:30 AM UTC.
The addition of these trading pairs signifies Coinbase’s commitment to catering to a diversified investor base, particularly in the rapidly evolving crypto marketplace. By offering perpetual futures for prominent assets like Algorand and The Sandbox, the platform aims to attract users looking for hedging opportunities and enhanced liquidity.
Investors should take note of Coinbase’s strategic move, as the launch of these futures markets reflects ongoing trends in the cryptocurrency sector. The effective trading strategies and risk management that accompany perpetual futures will be crucial as market dynamics continue to shift.
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