- The cryptocurrency market continues to fluctuate while exchanges expand their listings.
- Leading crypto exchange Coinbase announces the addition of three new altcoins to its futures market.
- Coinbase will list CRV, ENS, and PEOPLE on its global futures platform, offering more options to traders and investors.
Discover how Coinbase’s latest altcoin additions to its futures market provide expanded trading opportunities for investors.
Coinbase Expands Futures Market with New Altcoin Listings
Coinbase has announced that it will be adding three new altcoins – Curve DAO (CRV), Ethereum Name Service (ENS), and Constitution DAO (PEOPLE) – to its futures market. This move is part of Coinbase’s strategy to broaden the range of assets available to its global clientele, enhancing their trading experience. Starting July 18, 2024, at 12:30 PM UTC, these new perpetual futures contracts will be available for trading on Coinbase International Exchange.
Enhanced Trading Options for Global Investors
By introducing CRV, ENS, and PEOPLE to its futures market, Coinbase provides its users with a wider array of trading options. This addition is expected to attract more traders to the platform, offering them the opportunity to diversify their portfolios and engage with a broader range of digital assets. With the launch of CRV-PERP, ENS-PERP, and PEOPLE-PERP, traders can now take advantage of the futures market to hedge their investments and speculate on the price movements of these altcoins.
New Social Web Application for On-Chain Wallets
Coinbase has also launched a new social web application designed to track personal on-chain wallets. This application is accessible on both PCs and mobile devices, offering users the ability to manage their wallets, purchase tokens, swap, send, stake, and mint tokens. The social features allow users to interact with each other, aiming to replicate the success of platforms like WeChat within the cryptocurrency space.
Strategic Investment in Aerodcom (AERO) by Coinbase Ventures
In another significant development, Coinbase Ventures has made a substantial strategic investment in Aerodcom’s (AERO) token. Data from Nansen reveals that Coinbase Ventures has purchased at least 4.7 million AERO tokens, valued at approximately $2.7 million. This move underscores Coinbase’s commitment to supporting projects with strong potential within the Blockchain industry. The investment is part of the Base Ecosystem Fund, aimed at fostering innovation and growth within the Base ecosystem.
Conclusion
Coinbase’s latest initiatives, including the expansion of its futures market and the introduction of new altcoins, are poised to provide significant benefits to traders and investors. Additionally, the new social web application and strategic investments by Coinbase Ventures highlight the company’s dedication to innovation and growth in the crypto space. As Coinbase continues to evolve, these developments offer a promising outlook for the future of cryptocurrency trading and the broader Blockchain ecosystem.
