Coinbase, the leading cryptocurrency exchange in the market, has announced that the goods available for trading futures have expanded. On November 14, the platform will introduce perpetual futures contracts for Solana (SOL) and Avalanche (AVAX).
Details Regarding The New Product
The future SOL-PERP and AVAX-PERP markets are set to launch on Coinbase International Exchange and Coinbase Advanced, subject to liquidity circumstances. Perpetual futures allow traders to speculate on the price fluctuations of underlying assets for as long as they desire, unlike conventional futures, which have a restriction time.
By taking this move, Coinbase is greatly enhancing its derivative market capabilities to provide traders more options in the rapidly evolving bitcoin space.
Coinbase Unveils AVAX and SOL Perpetual Contracts Launch,Coinbase Unveils AVAX and SOL Perpetual Contracts Launch
Due to this restriction on flexibility, traders can benefit from arbitrage, leverage, and hedging possibilities in the volatile cryptocurrency market. But these contracts also include hazards, such over leverage and liquidation, which calls for careful investment management.
Coinbase emphasises conformity with regional regulations on derivatives using cryptocurrencies. As a result, on the Advanced Trading platform, consumers can only trade perpetual futures in specific non-US locations. Further proof of Coinbase International Exchange’s adherence to regulations comes from the regulatory clearance it obtained in September from the Bermuda Monetary Authority.
The Value of AVAX Rises
The well-known DEX on Avalanche, TraderJoe, had a notable rise in trading volume of 112% and a fee increase of 146%. Trading on the Avalanche chain accounted for 74% of the platform’s use, while 25% was conducted on Arbitrum.
The network becomes more lively as a result of this expansion, which also draws in more trade and raises fees—all signs of growing trust. Increased trust and potential revenue and fees are two benefits of the network’s recent spike in TVL and DEX volumes on Avalanche.
Coinbase Unveils AVAX and SOL Perpetual Contracts Launch,Coinbase Unveils AVAX and SOL Perpetual Contracts Launch,Coinbase Unveils AVAX and SOL Perpetual Contracts Launch , AVAX coin Crypto news, AVAX coin News