Coinbase Introduces 10x Leverage for Crypto Futures
Crypto exchange Coinbase has announced that it will now offer 10x leverage on all listed perpetual futures contracts. This includes popular cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, Cardano, and Dogecoin. Traders can take advantage of this increased leverage to enhance their trading strategies and capitalize on market opportunities.
“Supercharge your strategies and make the most of market opportunities, now with 10x leverage on all listed perpetual futures contracts.”
Market Recovery Drives Bitcoin Price Surge
The announcement comes as the price of Bitcoin surpasses $44,000 amidst a market-wide recovery. The global market cap has also seen a significant increase of over 4% in the span of 24 hours, fueled by high trading volumes.
Coinbase International Exchange offers a wide range of crypto perpetual contracts, including BTC, ETH, XRP, SOL, ADA, DOGE, AVAX, LTC, LINK, MATIC, BCH, and XLM. The exchange has been expanding its offerings by recently introducing Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Stellar (XLM), Polygon (MATIC), and Bitcoin Cash (BCH).
Boosting Crypto Prices with Increased Leverage
Coinbase’s decision to increase leverage to 10x is expected to further drive up crypto prices. Previously, the exchange offered leverage up to 10x on selected cryptocurrencies based on the initial margin. However, with the ongoing rally in the crypto market, Coinbase wants users to seize the opportunity.
The price of BTC has already experienced a 5% jump in the past 24 hours and is currently trading at $43,786. Trading volume has also increased by 10%, indicating growing interest among traders. Altcoins like ETH, XRP, SOL, DOGE, and LTC have also seen price surges following the announcement. Analysts predict that altcoins will continue to rally as BTC takes a temporary break.
Hot Take: Coinbase Empowers Traders with Increased Leverage
Coinbase’s decision to offer 10x leverage on all listed perpetual futures contracts is a significant move that empowers traders to maximize their trading strategies. With the ongoing market recovery and increasing trading volumes, this increased leverage can potentially drive crypto prices even higher. It provides an opportunity for traders to take advantage of market opportunities and potentially earn higher profits.
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