Coinbase Expands Futures Trading to Major Altcoins Starting December
- Starting December 5, Coinbase will offer AVAX, BCH, ADA, Chainlink LINK, DOGE, and others for round-the-clock trading.
- The new offerings will include futures for assets like Hedera (HBAR), LTC, and DOT.
- Coinbase previously launched BTC and ETH futures trading in May, followed by long-dated futures in July.
- The exchange plans to introduce U.S. perpetual-style futures that settle on a five-year expiry, unlike the indefinite format used offshore.
- Most liquidity for non-BTC/ETH futures currently resides offshore, particularly on platforms like Binance and Bybit.
Coinbase’s move to provide continuous access to altcoin futures reflects growing demand for regulated crypto derivatives in the U.S. This expansion aims to attract institutional investors amid ongoing regulatory scrutiny of offshore platforms.
With the introduction of trading for assets such as SHIB and others, Coinbase is positioning itself as a key player in the U.S. derivatives market.(Source)
