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Metaverse News

Coinbase to Introduce Polkadot, Internet Computer, and NEAR Protocol Futures Contracts!

February 16, 2024 - Around 3 mins mins to read

Key Points:

  • Coinbase announces addition of perpetual futures for Polkadot, Internet Computer, and NEAR Protocol.
  • Markets for DOT-PERP, ICP-PERP, and NEAR-PERP open on/after 18:00 UTC+8, Feb 22.
  • Perpetual futures offer flexibility without expiration, reflecting Coinbase’s commitment to diverse offerings in crypto.
Coinbase has unveiled plans to introduce perpetual futures contracts for three prominent cryptocurrencies: Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR).
Coinbase to Introduce Polkadot, Internet Computer, and NEAR Protocol Futures Contracts!

The announcement comes as a response to the growing demand for diverse trading options and reflects Coinbase’s commitment to staying at the forefront of the rapidly evolving cryptocurrency market.

Coinbase Expands Perpetual Futures Offerings to Include Polkadot, Internet Computer, and NEAR Protocol

Coinbase users will soon have the opportunity to trade perpetual futures contracts for DOT, ICP, and NEAR on both the Coinbase International Exchange and Coinbase Advanced platforms. The introduction of these perpetual futures contracts enables traders to speculate on the price movements of these digital assets without an expiration date, providing increased flexibility compared to traditional futures contracts.

The DOT-PERP, ICP-PERP, and NEAR-PERP markets are set to go live on or after 18:00 UTC+8 on February 22. This expansion aligns with Coinbase’s strategy to offer a comprehensive range of investment instruments, catering to the diverse needs and preferences of its user base. The move also underscores the exchange’s commitment to supporting innovative blockchain projects such as Polkadot, Internet Computer, and NEAR Protocol.

Markets Set to Open for DOT-PERP, ICP-PERP, and NEAR-PERP on February 22

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Perpetual futures contracts have gained popularity among cryptocurrency traders due to their unique features, including the absence of an expiration date. This allows users to maintain positions for as long as they desire, offering greater flexibility in managing trading strategies. COIN‘s decision to add perpetual futures contracts for DOT, ICP, and NEAR reflects a broader industry trend, as exchanges increasingly recognize the importance of providing a wide array of financial instruments to cater to various trading preferences.

As the cryptocurrency market continues to evolve, COIN’s proactive approach to introducing new features and expanding its product lineup positions it as a key player in facilitating the growth and adoption of digital assets globally. Traders and investors alike eagerly await the launch of these perpetual futures contracts, anticipating increased opportunities to engage with the dynamic cryptocurrency market.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Coinbase

Coinbase to Introduce Polkadot

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Polkadot

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.