The Future of Crypto Trading: Coinbase Expands Offerings with Perpetual Futures Trading
If you are a crypto enthusiast looking to expand your trading options, you will be excited to hear that Coinbase International Exchange is introducing perpetual futures trading for $WIF, a memecoin based on Solana. Here are the details:
โ Coinbase International Exchange (CIE) and Coinbase Advanced will launch perpetual futures trading for $WIF on April 25th for non-US users
โ The trading services will open at 9:30 UTC
โ Coinbase recently postponed the launch of perpetual futures based on Pepe
โ The delay has allowed them to focus on the introduction of $WIF futures
โ Regulatory approval for perpetual futures trading for non-US clients in selected jurisdictions was obtained a year ago
โ Approval for similar products in the US has been more challenging
โ US regulatory authorities are cautious about offering futures based on cryptocurrencies
โ Coinbase aims to capitalize on the growing derivatives market with this expansion
โ Recent reports indicate an 86.5% increase in trading volumes for derivatives, reaching $6.18 trillion
Coinbase and Binance Support the OMNI Altcoin Project
In addition to perpetual futures trading, Coinbase and Binance are showing support for the OMNI altcoin project based on Ethereum. Here are the key points:
โ Coinbase will add OMNI Network to its trading platform
โ OMNI Network aims to integrate the Ethereum rollup ecosystem into a unified network
โ The altcoin is classified as โexperimentalโ due to its risks and lower liquidity
โ Binance has already added OMNI to Binance Launchpool
โ Users can stake coins to farm new resources before spot trading begins on April 17th
โ OMNI projects are classified with a seed tag for low liquidity and potential volatility
โ The OMNI project developers describe it as a secure, high-performance, and globally compatible architecture
โ It facilitates low-latency communications between Ethereum rollups, presenting Ethereum as a unified operating system
Celsius Network Makes Significant Ethereum Transfer to Coinbase
Another significant development in the crypto world is the recent transfer of $24.5 million in Ethereum tokens from Celsius Network to Coinbase. Hereโs what you need to know:
โ Celsius Network sent 8,091 Ethereum units to Coinbase at an average price of $3,022 per ETH
โ This marks one of the largest Ether withdrawals in the industry
โ Previous Ethereum token transfer operations by Celsius Network totaled $1.9 billion
โ The transfers reflect a strategic movement across centralized exchanges
โ Celsius Network is in the process of repaying its creditors, consolidating the completion of the bankruptcy procedure
โ The network has started repaying crypto and fiat creditors a total of $3 billion
Hot Take: Seize the Opportunities in Crypto Trading
As a crypto enthusiast, you have a world of opportunities at your fingertips with the expanding offerings from platforms like Coinbase and Binance. Stay informed, explore new projects, and seize the opportunities in the ever-evolving world of crypto trading. Your next big win could be just around the corner!
Leo Nomist emerges as a maestro harmonizing the roles of crypto analyst, tenacious researcher, and editorial virtuoso, creating an unparalleled symphony of insight. Amidst the intricate world of digital currencies, Leo’s perspectives resonate like finely tuned chords, capturing the attention of curious minds from diverse horizons. His talent for deciphering complex threads of crypto intricacies blends seamlessly with his editorial finesse, translating intricacy into a captivating composition of understanding.