Discover Coinbase’s New Pre-Launch Markets For Unreleased Tokens 🚀
Exciting news for crypto traders as Coinbase introduces pre-launch markets on its International Exchange and Coinbase Advanced platforms. Here’s what you need to know:
- Eligible traders can now access pre-launch markets to trade perpetual futures contracts on tokens that have not yet been released.
- Institutional users can utilize this feature on Coinbase International Exchange.
- Retail traders can access pre-launch markets through Coinbase Advanced.
- Traders can open long or short positions on upcoming tokens with leverage up to 2x.
- Once the underlying token becomes available on spot exchanges, the contracts will automatically convert into standard perpetual futures contracts.
- Pre-launch markets will be available in eligible regions, excluding certain countries.
Understanding the Risks and Features of Pre-Launch Markets 💰
While pre-launch markets offer an exciting opportunity for traders to engage in price discovery for upcoming projects, they come with their own set of risks and unique features:
- Pre-launch markets operate differently from standard perpetual futures markets, featuring a unique index price mechanism and conversion risks.
- Risks associated with pre-launch markets include lower liquidity, higher volatility, and increased liquidation risk.
- These factors can make pre-launch markets more susceptible to fluctuations and potential losses compared to standard perpetual futures markets.
Coinbase’s Strategic Partnership With Fireblocks Network 🔥
In a strategic move to enhance its trading infrastructure, Coinbase has partnered with Fireblocks Network to provide a secure and reliable platform for its users:
- Coinbase International Exchange has teamed up with Fireblocks to offer perpetual futures and spot trading features to institutional and retail clients.
- Fireblocks specializes in blockchain security services, ensuring the secure transfer, storage, and issuance of digital assets.
- Customers on Coinbase International Exchange can now connect their accounts using the Fireblocks Network.
- This collaboration underscores Coinbase’s commitment to providing a robust trading infrastructure for its global clientele.
Hot Take: Seize the Opportunity With Coinbase’s Pre-Launch Markets! 🌟
Don’t miss out on the chance to participate in pre-launch markets for unreleased tokens on Coinbase’s platforms. Stay informed, manage your risks, and take advantage of this exciting opportunity to engage in price discovery for upcoming projects. Happy trading!
Sources:
1. Coinbase Official Announcement
2. Fireblocks Network
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