- Coinbase expands its trading horizon by introducing perpetual futures for non-US customers.
- The global crypto derivatives market comprises a dominant 75% of total trading volume.
- Four primary contracts are now available with leverage, all settled in the stablecoin USDC.
Coinbase’s recent announcement of perpetual futures for global traders marks a significant step in democratizing sophisticated trading tools, responding to the surging demand in the crypto derivatives sector.
Catering to the Crypto Community’s Growing Appetite
Witnessing the substantial appetite for futures products in the crypto realm, Coinbase has broadened its service offerings. The introduction of perpetual futures on its advanced platform addresses a crucial market segment, considering that a whopping 75% of crypto trading volume globally is channeled through derivatives.
Why Perpetual Futures Are Gaining Traction
The allure of crypto derivatives, especially perpetual futures, lies in the advantages they offer to traders. From employing margin to enhance capital efficiency to entering the crypto market with lesser initial investments, these tools are revolutionizing trading strategies. Furthermore, they empower traders with capabilities to position both long and short, equipping them with versatile risk management tools for their core crypto holdings. Initially, Coinbase Advanced is launching with four perpetual contracts – Bitcoin, Ethereum, Litecoin, and Ripple. With varied leverage options and settlements in the globally acclaimed stablecoin, USDC, traders are in for a treat. And this is just the beginning, as the platform aims to diversify its contract offerings in the forthcoming months.
The Unveiling of Coinbase Advanced
Designed with traders in mind, Coinbase Advanced boasts a myriad of features tailored for an enhanced trading experience. Not only does it offer competitive fee structures, but it also bridges the gap between spot and derivatives markets through a cohesive user interface. Traders can benefit from varied order types, intricate analysis tools like TradingView charts, and even APIs catering to automated trading. In a bid to constantly evolve and perfect its offerings, Coinbase envisions working alongside its community of advanced retail traders. This collaborative approach promises to shape Coinbase Advanced into an even more robust and adaptable platform in the future.
Conclusion
As the crypto trading landscape constantly evolves, platforms like Coinbase are at the forefront, innovating and adapting. The launch of perpetual futures is not just a new service offering; it signifies Coinbase’s commitment to empowering its global trader base with state-of-the-art tools. In a market where the demand for derivatives is skyrocketing, Coinbase’s strategic move positions it as a key player, ready to cater to both current needs and future aspirations of the crypto community.
