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Coinbase Set To Launch AVAX and SOL Perpetual Futures Contracts

The post Coinbase Set To Launch AVAX and SOL Perpetual Futures Contracts appeared first on Coinpedia Fintech News

In a big crypto move, Coinbase is rolling out more ways to trade with the introduction of perpetual futures contracts for Avalanche (AVAX) and Solana (SOL) on November 14.

This is a significant development for the crypto industry. Here is all the information you must know.

Are You Ready for This?!

Get ready for perpetual futures trading on Coinbase Advanced and Coinbase International Exchange, starting with AVAX-PERP and SOL-PERP markets.

Perpetual futures contracts are a type of derivative that allows traders to bet on the future price of an asset. They are similar to regular futures contracts, but the key difference is that perpetual futures contracts do not have an expiration date. This means that traders can hold their positions for as long as they want, without having to worry about them expiring.

Coinbase is giving traders more choices in the fast-paced crypto world. The move into perpetual futures opens up exciting opportunities for things like arbitrage, leveraging, and hedging to meet the changing needs of traders.

Read More: Coinbase Futures Boost: Linda Jones Sees Bright Future for XRP

Stay Cautious

While this flexibility is great, it comes with responsibility. Traders need to be careful in the unpredictable crypto market, avoiding risks like overleveraging and liquidation. The cool opportunities also mean you’ve got to manage your investments wisely.

But rest easy – Coinbase is all about following the rules. They’re making sure that perpetual futures trading on the Advanced Trading platform is only for users in certain non-US regions, sticking to local laws. And the thumbs-up from the Bermuda Monetary Authority in September shows Coinbase International Exchange is on top of its regulatory game.

AVAX Takes Off!

TraderJoe, a big-name decentralized exchange (DEX) on Avalanche, sees a whopping 112% increase in trading volume and a massive 146% boost in fees. The action is hot, with 74% of trades on the Avalanche chain and 25% on Arbitrum. This surge is about pumping life into the network, building trust and increasing fees.

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Price jumps recorded

All these good vibes are lifting AVAX prices by 9.62% in just one day. The positive energy from TraderJoe’s success is translating into real gains for AVAX, showing that more people are trusting the Avalanche network.

As Coinbase opens up new doors in crypto trading, the industry is eagerly waiting to dive into the endless possibilities of perpetual futures.

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