Coinbase has announced the addition of nine new tokens eligible as collateral for futures trading. This event underscores the company's push to increase altcoin liquidity.
Collateral Expansion
The new collateral list includes tokens like Sei (SEI), Pepe (PEPE), Bonk (BONK), and Pump.fun (PUMP), along with other assets such as Bittensor (TAO) and Fartcoin (FART). This collateral expansion follows an upgrade completed in June that introduced a dozen other assets.
Changes to Maximum Leverage
Coinbase has increased the maximum available leverage from 20x to 50x on its international platform. This measure aims to attract high-frequency traders and institutional clients seeking capital efficiency in volatile markets.
Market and Industry Impact
Despite restrictions in the U.S., Coinbase continues to expand its global derivatives platform. This underscores the trend of centralized exchanges leaning more into perpetuals as spot volumes stagnate. With DEX activity rising, the platform enables users to explore new tokens like Virtuals AI Agents and SoSo Value Indices.
The expansion of the tokens list and increase in leverage reflects Coinbase's adaptation to changing market conditions, focusing on clients interested in trading altcoins.
