Leading cryptocurrency exchange Coinbase has announced the launch of futures for two new cryptocurrencies - DOGS and POL Coin. This news could impact the demand and prices of these altcoins, increasing their volatility.
Details of DOGS and POL Coin Launch
Coinbase has confirmed that it will launch the futures trading pairs on September 19. This announcement pertains to the global version of Coinbase, which aims to diversify its revenue channels following the 2022 cryptocurrency collapse.
Market Impact and Volatility
The platform aims to list new futures trading pairs between the 3rd and 9th of each month, with DOGS and POL Coin included this time. As demand for futures typically triggers speculative movements in altcoins, this development could enhance volatility, especially in the anticipated upward trends of the last quarter.
The launch of futures for DOGS and POL Coin on Coinbase could have a significant impact on the cryptocurrency market. The potential increase in demand and subsequent volatility for these altcoins could create new trading and investment opportunities.
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