Coinbase International Exchange, a subsidiary of Coinbase Global Inc., has recently revealed its plans for listing future contracts for four pairs. These pairs include Cardan, Chainlink, Dogecoin, and Stellar. Moreover, this move is to expand their offerings and provide non-US customers access to these promising digital currencies.
Coinbase Plans for Future Listing
In a recent disclosure, the trading giant announced that it would list four pairs of trading assets on December 30 by 10 am UTC. In addition to that, it will contribute to improving liquidity conditions. The trading pairs are ADA-PERP, LINK-PERP, DOGE-PERP, and XLM-PERP, and they will be available on both Coinbase International Exchange and Coinbase Advanced.
Furthermore, the new initiative will help the firm reach a wider audience in the digital currency ecosystem. Also, the assets were chosen based on their unique value proposition and community followers. Besides, it was easy to choose, as Cardano has been in the news for its innovative development initiatives.
Additionally, Chainlink has made itself the leading Oracle service provider, expanding its presence in the industry. Additionally, Dogecoin possesses meme-inspired origins and boasts a robust user base, while Stellar enjoys a broad and diverse audience.
Coinbase’s Decision on Assets Support
The company has carefully thought out the regulations and decided which assets it will support. The firm made this decision after analyzing the asset’s respective status in the industry. Besides Bitcoin and Ethereum futures, the exchange also offers XRP futures on its international platform.
What’s more, this decision came after XRP received a special status, distinct from other altcoins, within the United States. Judge Analisa Torres released a legal ruling that encouraged this unique status confirmation on July 13. As a result, Coinbase includes XRP futures, ensuring compliance with global regulatory provisions.
Consequently, Coinbase International Exchange’s decision to list perpetual future contracts for ADA, LINK, DOGE, and XLM shows its commitment to expanding its offerings. Also, it is committed to adhering to regulatory guidelines. These additions bring a diverse range of digital assets to the exchange, catering to the evolving needs of the crypto community.
