Coinbase International has announced the addition of perpetual contracts for Akash, Zcash, and Moonwell, starting March 27, 2025.
Introduction of New Perpetual Contracts
Coinbase International announced the introduction of perpetual contracts for Akash Network, Zcash, and Moonwell, effective March 27, 2025. This strategic expansion mirrors successful past strategies following the implementation of perpetual contracts for Bitcoin and Ethereum.
Market Reaction and Benefits
The introduction of these contracts is likely to increase trading activity and liquidity for the affected tokens. Traders can employ various strategies to manage risk and capitalize on market opportunities. Positive comments from traders on social media indicate optimism about improved trading conditions.
Significant Changes in Altcoin Markets
The introduction of perpetual contracts for Akash and others reflects a strengthening trend since 2023. This practice has contributed to expanding derivative options across several altcoins, following similar moves by other leading exchanges.
Increased derivative options could enhance market depth and trading diversity. Coinbase continues to demonstrate its commitment to innovation and adaptability in a rapidly changing industrial landscape.
