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In the past 1.5 years, cryptocurrency exchanges have reduced the number of trading pairs and lowered market maker costs. However, the situation is now reversing. With the price of Bitcoin once again stabilizing above $40,000, global exchanges eager to attract more users are increasing their alternatives. Coinbase exchange delivered the latest good news in this regard.
Coinbase announced its global exchange in an effort to diversify income sources and expand its user base. The newly operational Coinbase Global also facilitates futures trading. Futures trading is an important source of revenue for exchanges, and Coinbase has taken a correct, albeit late, step in this direction.
According to an announcement made some time ago, Coinbase Global will open futures trading pairs for OP, ARB, and ETC Coin on December 13. With the support of Coinbase, these altcoins, which are expected to gain more liquidity, may appreciate in value in the short to medium term.
Although not as extensive as the futures listings on the Binance exchange, the listings on Coinbase due to its increasing market share have the potential to positively impact prices.
Warning: The information contained in this article does not constitute investment advice. Investors must be aware of the high volatility and associated risks of cryptocurrencies and carry out their transactions based on their own research.
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