Coinbase International Exchange has announced a significant expansion of its product offerings with the introduction of perpetual futures contracts for Toncoin (TON), Bittensor (TAO), and Tellor (TRB).
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Coinbase International Exchange has announced a significant expansion of its product offerings with the introduction of perpetual futures contracts for Toncoin (TON), Bittensor (TAO), and Tellor (TRB). Starting on July 25, 2024, at 9:30 AM UTC, traders will be able to engage in perpetual futures trading for these cryptocurrencies on both the Coinbase International Exchange and Coinbase Advanced platforms (Crypto News Flash) (The Defiant) (COINOTAG NEWS).
Related: Top 6 Innovative Projects Thriving on TON Blockchain
This strategic move caters to the growing demand for advanced trading tools and options among cryptocurrency traders. Perpetual futures allow for more flexibility and risk management, enabling traders to speculate on the price movements of these assets without the constraints of an expiration date (Crypto News Flash) (CoinGape).
Coinbase’s addition of these futures contracts aims to enhance liquidity and market stability for TON, TAO, and TRB, reflecting the exchange’s commitment to diversifying its offerings and staying responsive to market trends (COINOTAG NEWS). This development is expected to attract more advanced traders to the platform, thereby increasing overall trading volume and engagement.
Related: SC Ventures Invests in EU's First MiFID II-Compliant Crypto Perpetual Futures Platform
Toncoin, in particular, has garnered significant attention due to its connections with the Telegram network and its growing utility within the DeFi space. The launch of TON futures on Coinbase provides an additional avenue for traders to participate in its market dynamics (The Defiant).
Related: TON Network TVL Surpasses $760M: What Does This Mean for TON Price?
Overall, this expansion underscores Coinbase’s dedication to providing comprehensive and sophisticated trading solutions to its users, reinforcing its position as a leading cryptocurrency exchange in the competitive digital asset landscape.
Emily brings a decade of expertise in blockchain technology and decentralized finance (DeFi). She specializes in market trends and regulatory developments, providing in-depth analyses that resonate with seasoned investors and beginners alike. With a background in financial journalism, she is dedicated to bringing clarity to the fast-paced world of crypto.
