- Coinbase has announced the addition of perpetual futures trading for three more altcoins.
- This move will expand the trading options available on Coinbase International Exchange and Coinbase Advanced platforms.
- The new perpetual futures contracts for Dymension (DYM), Maker (MKR), and Aave (AAVE) will go live on August 1, 2023.
Discover the latest on Coinbase’s perpetual futures offerings for Dymension, Maker, and Aave. How will this impact the crypto trading landscape? Read on to find out.
Coinbase Expands Perpetual Futures Trading
On July 25, Coinbase announced via Twitter that it will introduce perpetual futures contracts for Dymension (DYM), Maker (MKR), and Aave (AAVE) on its International Exchange and Advanced platform. This development follows Coinbase’s expansion efforts aimed at providing more complex trading options for its global clientele outside of the United States.
Perpetual Futures for DYM, MKR, and AAVE
The perpetual futures for these tokens—DYM-PERP, MKR-PERP, and AAVE-PERP—will be available starting at 12:30 PM UTC on August 1, 2023. This offering is part of Coinbase’s broader strategy to enhance its derivatives trading lineup and cater to sophisticated traders looking for diverse investment strategies.
Impact on the Cryptocurrency Market
With the launch of these new perpetual contracts, Coinbase aims to solidify its standing in the international markets. The addition of these three cryptocurrencies to its perpetual futures roster will provide traders with new opportunities for hedging and speculative trading. According to CoinGecko, as of the latest data, Dymension is trading at $1.65, Maker is at $2,765, and Aave is at $102.2, reflecting respective increases in their market values.
Conclusion
Coinbase’s introduction of perpetual futures for Dymension (DYM), Maker (MKR), and Aave (AAVE) demonstrates its commitment to expanding trading options for its users. As the crypto exchange landscape continues to evolve, perpetual futures present an intriguing opportunity for traders to engage in more complex and potentially profitable trading strategies. Keep an eye on how these new additions will influence market dynamics and trader behavior in the coming months.
