Coinbase, the largest cryptocurrency exchange in the United States by trading volume, has announced the listing of three new altcoins for futures trading. The announcement, made this evening, comes as part of the exchange’s frequent updates shared during weekdays. The addition of these altcoins is expected to enhance liquidity and attract more trading activity on the platform.
What Altcoins Are Being Listed?
Earlier today, Coinbase Global’s official account revealed that new PERP pairs for ATOM, DYDX, and OM Coin would be available for futures trading. This development signifies a strategic move to diversify the trading options for users and capitalize on the increasing interest in altcoins. Additionally, Bitcoin prices have shown slight recovery, with potential closures above $60,000 anticipated before the upcoming options expiration.
When Will These Listings Be Active?
The exchange has scheduled the new listings to go live on August 22 at 09:30. This follows the activation of DEGEN, EOS, and 1000SATS pairs approximately six hours ago. The launch of Coinbase’s Global exchange during a bear market aims to diversify its revenue streams and expand its global customer base, positioning the platform for future growth.
Key Takeaways for Traders
– ATOM, DYDX, and OM Coin will be available for futures trading.
– Listings will go live on August 22 at 09:30.
– The move aims to increase liquidity and trading activity.
– Recent slight recovery in BTC prices may boost trading sentiment.
– Coinbase’s Global exchange targets revenue diversification amid market challenges.
The strategic inclusion of these altcoins is poised to boost liquidity and trading volumes on Coinbase, offering users more diverse trading options and opportunities to capitalize on market movements.