Coinbase Adds 3 New Cryptos for Futures Trading
Coinbase International Exchange has recently expanded its crypto offerings by introducing perpetual future contracts for Blur (BLUR), Sei (SEI), and Uniswap (UNI).
These additions aim to cater to institutional clients seeking diverse trading opportunities in the global crypto market.
Effective March 14, 2024, users can access Blur, Sei, and Uniswap perpetuals on both Coinbase International Exchange and Coinbase Advanced. The exchange plans to transition these markets into full-trading mode upon listing.
With 23 perpetual contracts already listed, Coinbase International Exchange serves non-US customers in specific regions, boasting an impressive average daily trading volume close to $1 billion and a total open interest of $10.65 million.
Recent additions to the platform, including Polkadot, Internet Computer, and NEAR Protocol perpetual future contracts, have witnessed notable price gains, reflecting positive market sentiment. Notably, NEAR experienced a significant 30% rally prior to the broader market recovery in March, characterized by Bitcoin reaching a new all-time high of $69,200.
Market analysis indicates promising trends for the newly listed assets. BLUR has observed a 4% price increase over the last 24 hours, trading at $0.696, with a slight uptick in trading volume suggesting growing investor interest.
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Similarly, SEI has surged by 14% in the past day, trading at $0.9174, with an 80% spike in trading volume indicating increased trader activity. The announcement of SEI’s v2 upgrade supporting CosmWasm and the EVM concurrently further fuels positive sentiment.
Meanwhile, UNI’s price has stabilized following a significant 40% rally in the previous week. Currently trading at $15, UNI has reached a 2-year high amidst discussions within the Uniswap Foundation regarding the distribution of protocol revenues among token holders, reflecting ongoing developments within the ecosystem.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
