Coinbase Derivatives is set to expand its 24/7 futures trading offerings to include a range of altcoins, starting December 5. The new additions will feature Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), and SUI. This expansion is part of Coinbase's strategy to enhance its derivatives market presence following its $2.9 billion acquisition of Deribit.
The CFTC-regulated subsidiary will also introduce U.S. perpetual contracts for these altcoins, featuring a five-year term and funding rates aligned with spot markets. This development comes as futures trading volumes on decentralized platforms like Hyperliquid and Lighter continue to rise, indicating growing interest in crypto derivatives.
Coinbase Derivatives to Launch 24/7 Futures for ADA, AVAX, DOGE, SHIB
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
