This significant development represents a crucial expansion in the exchange’s derivatives market.
It responds to traders’ increasing demand for sophisticated financial instruments in the digital asset space. Let’s discover more about Wormhole (W).
Expanding Derivatives: Wormhole Futures on Coinbase
Wormhole (W) perpetual futures launch is set for after 9:30 am UTC, April 4, 2024. It will be available in regions where trading is permitted.
W-PERP offers Coinbase users new trading options, expanding their horizons. These contracts enable speculation on Wormhole’s future price indefinitely, allowing flexible position holding. This addition diversifies Coinbase’s investments and boosts Wormhole’s market liquidity, enriching the trading environment.
@CoinbaseIntExch will add support for Wormhole perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our W-PERP market will begin on or after 9:30am UTC on 4 APR 2024, in regions where trading is supported. pic.twitter.com/NYB2vwdnFI
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 3, 2024
The W-PERP markets launch on Coinbase International Exchange and Coinbase Advanced will adhere to strict regulatory compliance. This ensures a secure and transparent trading experience for all participants.
Traders should learn about Wormhole futures’ mechanics and the risks of derivative trading before participating. Coinbase is expected to provide educational resources and tools to help traders make informed decisions and optimize their trading strategies.
More About Coinbase
Coinbase has officially launched the FTM-PERP and RUNE-PERP perpetual pairs. They are now in full trading mode on Coinbase International Exchange and Coinbase Advanced.
Our FTM-PERP and RUNE-PERP markets are 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/88xvcmjhmE
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) March 28, 2024
The inclusion of limit, market, stop, and stop-limit orders gives traders precise control and execution in the fast-paced crypto markets. This enhances Coinbase’s trading experience and cements its status as a versatile platform for varied digital asset trading needs.
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.
){kind=link}