Coinbase (NASDAQ:) is set to expand its international offerings by introducing perpetual futures contracts for several premium cryptocurrencies. On December 30, Coinbase International Exchange will list perpetual futures contracts for (ADA), Chainlink (LINK), (DOGE), and Stellar (XLM). This development is part of the company’s strategic plan to diversify and enhance services to customers outside the United States.
The new perpetual contracts will allow investors to trade continuously without an expiration date, providing flexibility in trading strategies. Each of these digital currencies has been selected for the specific strengths they bring to the market. ADA is recognized for its environmentally conscious scalability solutions, while LINK is highly regarded for connecting smart contracts to real-world data. DOGE has attracted attention thanks to its strong community support, and XLM is known for enabling fast global payments.
In addition to these new services, Coinbase continues to serve global traders through its derivatives exchange, tailored to more sophisticated trading methods. Asset selection for these perpetual futures contracts considers regulatory compliance and market demand. For example, the inclusion of XLM futures following US regulatory developments sets it apart from other altcoins.
The successful launch of these contracts depends on meeting certain liquidity conditions to ensure a stable trading environment. Coinbase’s strategic asset selection reflects its commitment to navigating regulatory challenges while expanding its presence in the digital currency market. The move is in line with the platform’s ongoing efforts to cater to a wide range of investor needs and preferences in the cryptocurrency space.
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