This development marks a significant expansion in the trading capabilities available to users.
It offers a comprehensive suite of trading options that include limit orders, market orders, stop orders, and stop-limit orders.
Expanded Trading Options for 1000 PEPE-PERP on Coinbase
The 1000PEPE-PERP, a perpetual futures contract named after the meme-inspired Pepe the Frog, represents a new and unique offering. It reflects the growing diversity in the types of financial products available in the crypto markets. By introducing this market to its trading platforms, Coinbase is catering to a broader audience of traders.
Our 1000PEPE-PERP market is now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. pic.twitter.com/hO32wARVFu
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 23, 2024
Limit orders allow traders to specify a price at which they are willing to buy or sell the asset, providing control over transaction prices. This level of control isn’t possible with market orders, which execute trades at the current market price. Meanwhile, stop orders and stop-limit orders offer traders tools to manage risk more effectively.
These options enable setting a specific price at which a market order will be triggered. This helps protect against significant losses during sudden market downturns or secure profits during an upswing.
More About Coinbase
Coinbase is set to expand its trading options by introducing support for dogwifhat (WIF) perpetual futures, known as WIF-PERP, on both Coinbase International Exchange and Coinbase Advanced.
@CoinbaseIntExch will add support for dogwifhat perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our WIF-PERP will begin on or after 9:30am UTC on 25 APR 2024. pic.twitter.com/gIXr3XKXrV
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 18, 2024
This new addition is scheduled to launch on or after 9:30 AM UTC on April 25, 2024. By offering dogwifhat perpetual futures.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
