Coinbase rolls out perpetual futures trading outside U.S> |
The post Coinbase rolls out perpetual futures trading outside U.S> | appeared on BitcoinEthereumNews.com. TLDR Coinbase Advanced introduces global perpetual futures trading, excluding the U.S. Investors can use USDC to trade contracts for bitcoin, ether, litecoin, and XRP with varying leverages. The new service is currently available only on the Coinbase Advanced webpage, with mobile trading coming soon. The move comes after regulatory approval from the Bermuda Monetary Authority. The digital currency marketplace just got a bit more intricate. Coinbase, a significant player in the crypto world, is stepping its game up, venturing into the realm of perpetual futures trading on a global scale, excluding the United States. With this bold move, the company aims to leverage the power of derivatives, capturing a slice of the growing demand that has taken the crypto industry by storm. Perpetual Futures: The Next Big Play Coinbase Advanced has launched its new service, enabling traders from specific jurisdictions outside the U.S. to dive into perpetual futures trading. Here’s the lowdown: eager investors can employ the USDC coin to place their stakes on contracts across four cryptocurrencies, namely bitcoin, ether, litecoin, and XRP. While most contracts on the platform provide up to 5X leverage, the XRP is an exception, allowing a maximum of 3X leverage. For now, this trading model remains tethered to the Coinbase Advanced webpage. However, whispers from the inside suggest that the days are numbered before Coinbase unveils a mobile trading feature, making the platform even more accessible to tech-savvy traders worldwide. The Bigger Picture: The Allure of Derivatives The initiation of this service wasn’t just a spur-of-the-moment decision. It was a calculated move, mapped out in the wake of Coinbase International Exchange obtaining a nod of approval from the Bermuda Monetary Authority. This authorization granted them the latitude to provide perpetual futures to their expansive clientele outside the American borders. If one were to scrutinize…
The post Coinbase rolls out perpetual futures trading outside U.S> | appeared on BitcoinEthereumNews.com.
TLDR Coinbase Advanced introduces global perpetual futures trading, excluding the U.S. Investors can use USDC to trade contracts for bitcoin, ether, litecoin, and XRP with varying leverages. The new service is currently available only on the Coinbase Advanced webpage, with mobile trading coming soon. The move comes after regulatory approval from the Bermuda Monetary Authority. The digital currency marketplace just got a bit more intricate. Coinbase, a significant player in the crypto world, is stepping its game up, venturing into the realm of perpetual futures trading on a global scale, excluding the United States. With this bold move, the company aims to leverage the power of derivatives, capturing a slice of the growing demand that has taken the crypto industry by storm. Perpetual Futures: The Next Big Play Coinbase Advanced has launched its new service, enabling traders from specific jurisdictions outside the U.S. to dive into perpetual futures trading. Here’s the lowdown: eager investors can employ the USDC coin to place their stakes on contracts across four cryptocurrencies, namely bitcoin, ether, litecoin, and XRP. While most contracts on the platform provide up to 5X leverage, the XRP is an exception, allowing a maximum of 3X leverage. For now, this trading model remains tethered to the Coinbase Advanced webpage. However, whispers from the inside suggest that the days are numbered before Coinbase unveils a mobile trading feature, making the platform even more accessible to tech-savvy traders worldwide. The Bigger Picture: The Allure of Derivatives The initiation of this service wasn’t just a spur-of-the-moment decision. It was a calculated move, mapped out in the wake of Coinbase International Exchange obtaining a nod of approval from the Bermuda Monetary Authority. This authorization granted them the latitude to provide perpetual futures to their expansive clientele outside the American borders. If one were to scrutinize…
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