Coinbase, the largest cryptocurrency exchange in the US by volume, is striving to increase its global presence. The global exchange and futures trading have not been active for many years. However, Coinbase officials are working to attract investor interest by increasing alternative assets on these new platforms.
Coinbase Expands Global Presence
Coinbase has announced plans to increase the range of offered assets to attract more investors and strengthen its global market position. This applies to both spot and futures trading.
New Altcoin Listings
On August 29, Coinbase announced the listing of three new altcoins for futures trading. The new assets include RENDER, SAGA, and T. This move aims to increase trading volumes globally in the last quarter of the year. In bear markets, pairs are removed and volumes weaken, leading to altcoin 'deaths,' whereas the opposite happens in bull markets. We see a large number of new cryptocurrencies and pairs with increased listing frequencies.
Trading Start Date
Trading of the new pairs will start on August 29 at 9:30 UTC. These assets will be accessible on Coinbase International Exchange and Coinbase Advanced. About 5 hours prior, futures pairs for ATOM, DYDX, and OM Coin were also activated on the exchange.
This move shows Coinbase's commitment to expanding the range of offered assets and strengthening its global cryptocurrency market position.
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