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- Coinbase International will list perpetual futures contracts for ADA, LINK, DOGE, and XLM on December 30, 10 am UTC.
- This strategic move aims to cater to a broader audience of traders and follows a regulatory need for serving non-US customers.
In a significant development for the cryptocurrency market, Coinbase International Exchange, the branch of Coinbase Global Inc. serving clients outside the United States, has announced its plans to add perpetual futures contracts for four new digital assets: Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM). This expansion is set to take effect on December 30 at 10 am UTC, subject to liquidity conditions being met.
š #Coinbase International is opening up new horizons in the crypto world. Starting December 30, 10 am UTC, #ADA, #LINK, #DOGE, and #XLM perpetual futures contracts will be available! š šš pic.twitter.com/9QdCwR2Za6
— Collin Brown (@CollinBrownXRP) November 27, 2023
Coinbase Listing Schedule
The four trading pairsāADA-PERP, LINK-PERP, DOGE-PERP, and XLM-PERPāwill become available on both the Coinbase International Exchange and Coinbase Advanced platforms. This move signifies the inclusion of these four cryptocurrencies alongside the likes of Bitcoin (BTC), Ethereum (ETH), and XRP on the Coinbase International Exchange, which was created to address the regulatory complexities surrounding Coinbase users within the United States.
Coinbase’s decision to add ADA, LINK, DOGE, and XLM to its offerings is part of a strategic expansion effort aimed at reaching a more extensive audience within the digital currency ecosystem. These assets were chosen based on their unique value propositions and dedicated user communities.
The Strategic Decision on Assets to Support
Coinbase’s choice of assets to support is guided by regulatory compliance across the globe. In addition to Bitcoin and Ethereum futures, the platform also offers XRP futures on its international platform. This move came in response to XRP’s unique status as the only altcoin that is not classified as an investment contract in the United States, as confirmed by Judge Analisa Torres’ ruling on July 13, which currently defines the coin’s legal status in the US.
This latest move by Coinbase International reflects the exchange’s commitment to providing a diverse range of cryptocurrency offerings while ensuring compliance with evolving regulations worldwide. It also signifies a strategic move to capture a broader audience of traders who are interested in these popular digital assets.
In conclusion, Coinbase International’s decision to list perpetual futures contracts for ADA, LINK, DOGE, and XLM is a significant development in the cryptocurrency industry, expanding the trading options for users outside the United States. This move underscores the exchange’s commitment to regulatory compliance and its aim to serve the global crypto community effectively.
