- Coinbase, the largest cryptocurrency exchange in the US, is set to launch futures trading for three additional altcoins, Blast (BLAST), LayerZero (ZRO), and ZKsync (ZK).
- The announcement comes as part of Coinbase’s strategy to expand its offerings on Coinbase International Exchange and Coinbase Advanced.
- According to a recent tweet by Coinbase, perpetual futures for BLAST, ZRO, and ZK will be available starting July 11, 3:30 PM UTC.
Coinbase broadens its altcoin futures offerings, adding BLAST, ZRO, and ZK to its platform, reinforcing its position in global cryptocurrency trading.
Coinbase Introduces Futures Trading for BLAST, ZRO, and ZK
Coinbase has announced the addition of perpetual futures trading for three new altcoins: Blast (BLAST), LayerZero (ZRO), and ZKsync (ZK). This new offering will be available on Coinbase International Exchange and Coinbase Advanced, starting from July 11 at 3:30 PM UTC. This move marks another step in Coinbase’s ongoing efforts to boost its product portfolio and cater to a broader range of traders and investors globally.
Strategic Expansion Beyond US Borders
Coinbase International Exchange, which caters to customers outside the US, received approval from Bermuda in late September to extend its perpetual futures trading services. This regulatory green light has enabled Coinbase to continually expand its international footprint. The futures trading service had already rolled out for a plethora of altcoins, including Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and several others.
Market Performance of New Listings
In the wake of Coinbase’s announcement, the market performance of the newly listed altcoins has shown considerable activity. According to CoinGecko, Blast (BLAST) saw an 8.5% rise in the last 24 hours, trading at $0.0153, LayerZero (ZRO) increased by 6.3%, trading at $3.95, and ZKsync (ZK) traded at $0.149. These movements illustrate the market’s positive reception to Coinbase’s latest listings.
Conclusion
Coinbase’s expansion to include futures trading for BLAST, ZRO, and ZK on its platforms signifies a significant step in diversifying its offerings and enhancing user engagement. With positive market responses and strategic international expansion, Coinbase continues to lead in the rapidly evolving cryptocurrency landscape. Investors and traders can look forward to even more robust trading opportunities as the exchange broadens its horizons.
