Coinbase to Suspend Omni Network OMNI Perpetual Contracts

Coinbase to Suspend Omni Network OMNI Perpetual Contracts

user avatar

by Aisha Farooq

a year ago

Made with AI

Coinbase Markets has made a significant announcement regarding the future of OMNI perpetual contracts. According to the results published in the material, the exchange will suspend trading for these contracts on October 21, 2025, raising questions about the implications for traders and the broader market.

Decision to Halt Trading

The decision to halt trading comes as concerns about liquidity and trading dynamics have intensified, particularly due to ongoing token restructurings. Coinbase has stated that all open positions will be automatically settled based on a 60-minute average price prior to the suspension, which could lead to volatility in the market for OMNI-related assets.

Potential Market Impacts

Furthermore, Coinbase reserves the right to adjust the final settlement price, a move that may further influence market behavior. As of now, market reactions have been cautious, with no significant statements from key figures at either Coinbase or OMNI Network. This leaves traders to speculate on the potential impacts of this suspension.

In light of Coinbase Markets' recent decision to suspend OMNI perpetual contracts, Ethena ENA has introduced innovative DeFi solutions, including the launch of a synthetic stablecoin, USDe. For more details, see read more.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.