On June 19, 2025, Coinbase International Exchange and Coinbase Advanced will officially launch perpetual contract trading markets for Defi App (HOME) and Spark (SPK). These new offerings, designated as HOME-PERP and SPK-PERP, will open after 5:30 PM Beijing time.
Event Overview: Launch of Perpetual Contracts
Coinbase has announced the launch of perpetual contracts for international users, reflecting its strategy of global expansion. These innovations are part of efforts to strengthen its position in the derivatives market and create competitive conditions for other platforms.
Project Analysis: Benefits of HOME and SPK
HOME serves as a governance token for the Defi App platform, which aims at decentralized governance. The platform includes cross-chain capabilities and gasless processes. SPK operates as a token for the new Layer-1 blockchain, Spark Network, providing low fees and high performance. These tokens help address liquidity issues and support decentralized finance.
Market Impact: Effects on Derivatives and Competition
The launch of new contracts is aimed at attracting both institutional and retail traders. These measures allow Coinbase to strengthen its position in the rapidly evolving derivatives market, where competition is increasing and new opportunities are emerging. At the same time, the importance of regulatory compliance in different jurisdictions is emphasized.
The launch of perpetual contracts for HOME and SPK represents a significant step for Coinbase and the entire industry. It marks a move towards a more mature and innovative market where regulatory standards and decentralization work in tandem.
