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- Crypto exchange Coinbase announced on Wednesday that it would increase the leverage amount for perpetual futures contracts on Coinbase International Exchange and Coinbase Advanced.
- According to a post dated December 6 on X, the crypto exchange Coinbase International Exchange will now offer 10x leverage on all listed perpetual futures contracts.
- The list of crypto perpetual contracts on Coinbase International Exchange includes BTC, ETH, XRP, SOL, ADA, DOGE, AVAX, LTC, LINK, MATIC, BCH, and XLM.
In today’s announcement, Coinbase stated that it has increased the leverage for assets on the futures trading platform.
Coinbase Boosts Leverage for Bitcoin and Cryptos
Crypto exchange Coinbase announced on Wednesday that it would increase the leverage amount for perpetual futures contracts on Coinbase International Exchange and Coinbase Advanced. It will now offer 10x leverage on all listed perpetual futures contracts, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE).
According to a post on X dated December 6, Coinbase International Exchange will now offer 10x leverage on all listed perpetual futures contracts. Users can now utilize a maximum leverage on all listed cryptos on Coinbase International Exchange and Coinbase Advanced.
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“Supercharge your strategies and take full advantage of market opportunities, now with 10x leverage on all listed perpetual futures contracts.”
This move comes after Bitcoin’s price surged above $44,000 in a global recovery environment. The global market cap, supported by significant trading volumes, increased by more than 4% in the last 24 hours. The list of crypto perpetual contracts on Coinbase International Exchange includes BTC, ETH, XRP, SOL, ADA, DOGE, AVAX, LTC, LINK, MATIC, BCH, and XLM.
COINOTAG reported that the exchange continues to expand its perpetual contracts with cryptocurrencies like Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Stellar (XLM), Polygon (MATIC), and Bitcoin Cash (BCH).
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Major Surge in Crypto Prices
Coinbase’s move to offer 10x leverage is likely to further propel crypto prices upwards. Previously, the exchange offered leverage of up to 10x based on initial margin for selected cryptocurrencies. However, it now encourages users to take advantage of the ongoing crypto market rally.
BTC has increased by 5% in the last 24 hours and is currently trading at $43,950. The 24-hour low and high values are $41,450 and $44,408, respectively. Additionally, the trading volume has increased by over 10% in the last 24 hours, indicating growing interest among traders. Altcoins like ETH, XRP, SOL, DOGE, and LTC saw price increases after the announcement. Analysts predict a rally in altcoins during a period when BTC is taking a breather in its price movement.
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