Coinbase, the premier cryptocurrency exchange in the United States, is making strides to broaden its international footprint. The exchange, which had been relatively inactive in global and futures trading for some time, is now focusing on increasing the variety of alternative assets on its platforms to attract more investors.
What New Altcoins Are Listed?
On August 29, Coinbase announced it would introduce three new altcoins for futures trading. This move is part of a broader strategy to ramp up listings on both spot and futures markets, with the expectation of a global volume surge in the final quarter. Historically, bear markets have seen a reduction in trading pairs and weakened volumes, leading to the decline of many altcoins.
When Will the New Listings Begin?
Conversely, bull markets often bring a slew of new cryptocurrencies and trading pairs. The new assets set for futures trading on Coinbase include RENDER, SAGA, and T. These pairs are slated to go live on August 29 at 9:30 UTC and will be available on both Coinbase International Exchange and Coinbase Advanced. Just a few hours prior, futures trading pairs for ATOM, DYDX, and OM Coin were also activated on the exchange.
Key Takeaways
- Coinbase is actively seeking to expand its global presence through new asset listings.
- The new altcoins for futures trading are RENDER, SAGA, and T.
- The listings aim to boost trading volume globally, particularly in the last quarter.
- These assets will be accessible on Coinbase International Exchange and Coinbase Advanced.
In summary, Coinbase’s recent moves to list new altcoins for futures trading mark a significant effort to expand its global reach and invigorate trading activity. By introducing a diverse range of assets, the exchange aims to capture the interest of investors worldwide, especially during favorable market conditions.