Cryptocurrency exchange Coinbase has announced the expansion of its line of perpetual futures contracts to include Polkadot (DOT), XRP and Dogecoin (DOGE). This innovation is available to traders on the trading platforms Coinbase International Exchange and Coinbase Advanced. The addition of these cryptocurrencies to the futures market highlights the increasing demand for a variety of investment products in the field of digital assets.

Coinbase International Exchange has achieved significant success, with the total volume of perpetual futures contracts sold in the last 24 hours exceeding $1 billion. This indicates the growing influence of the exchange and its success in the crypto futures market.

This move reflects the diversity of traders' interests and their involvement in the use of futures for both hedging and speculative purposes. The addition of DOT, XRP and DOGE to the line of futures contracts will provide traders with more opportunities to diversify their trading strategies.

The Coinbase exchange, which is available in several jurisdictions for users outside the United States, continues its global expansion. The location in Bermuda and the spread of cryptocurrency futures derivatives indicate a strategy for democratizing access to advanced trading instruments.

It is important to note that Coinbase is also considering a request for approval of Grayscale's spot ETF listing for Ethereum. The company's chief lawyer, Paul Greval, stressed that Ethereum should not be considered as a security, and its Proof of Stake mechanism provides reliable management, which strengthens the arguments in favor of approving the Ethereum spot ETF.