Coinbase Listing Perpetual Futures: Degen, EOS and SATS on August 15

Bittime - The Coinbase listing perpetual futures, Degen, EOS and SATS program on August 15 will be discussed in full here.

Coinbase Will Expand Its Deviative Products

The largest crypto exchange in the United States, Coinbase, will soon expand its derivative product offerings by launching perpetual futures contracts for several popular crypto assets, including Degen, EOS, and SATS.

This move marks a new chapter in the evolution of the crypto market and has significant implications for traders and investors.

Read also: What is Neiro (NEIRO)? New Meme Coin on Ethereum

What are Perpetual Futures?

Perpetual futures are derivative contracts that allow traders to take a long or short position on a crypto asset without an expiration date. These contracts are designed to mimic the underlying asset's spot price movements, but with several key differences. 

One of the main features of perpetual futures is the funding rate mechanism, which is used to keep the contract price in line with the spot price.

Read also: Understanding Bitcoin Dominance: How to Read & Use Crypto Charts

Impact of Perpetual Futures Listing on Coinbase

Increased Liquidity

Listing perpetual futures on Coinbase will attract more trading volume and increase market liquidity for listed assets.

Better Accessibility

Retail traders now have easier access to derivative products previously only available on decentralized crypto exchanges.

Potentially Increased Volatility

Increased interest in perpetual futures can trigger higher price volatility, both for the underlying asset and for the futures contract itself.

DeFi Ecosystem Development

This listing could also encourage the development of the decentralized finance (DeFi) ecosystem, as perpetual futures is one of the most popular DeFi products.

Coinbase Listing Perpetual Futures: Degen, EOS and SATS on August 15

Coinbase International Exchange announced it will soon support trading of futures contracts for DEGEN, EOS, and SATS crypto assets.

This feature will be available on the Coinbase International Exchange and Coinbase Advanced platforms. The plan is that trading for the DEGEN-PERP, EOS-PERP, and 1000SATS-PERP pairs will start on August 15, 2024.

With this addition, Coinbase hopes to attract more traders interested in these specific crypto assets.

Conclusion

Coinbase's decision to launch perpetual futures is a strategic move that will change the landscape of the crypto market.

Although they offer attractive profitability opportunities, traders must understand the risks associated with these derivative products before starting to invest.

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