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Coinbase Expands Offerings: New Futures for ADA, LINK, DOGE, and XLM

Coinbase Expands Offerings: New Futures for ADA, LINK, DOGE, and XLM

Coinbase International Exchange, an extension of Coinbase Global Inc. focusing on global markets, has disclosed its intention to introduce Perpetual Future Contracts for four new assets: Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM).

Set to debut on December 30, these assets will be available for trading pairs, pending sufficient liquidity.

The listings will be accessible on both the Coinbase International Exchange and Coinbase Advanced platforms, expanding the range of digital currencies beyond established ones like Bitcoin (BTC), Ethereum (ETH), and XRP.

Coinbase’s move to establish a dedicated arm, Coinbase International, underscores its commitment to serving non-US users amid regulatory uncertainties within the US market.

The addition of ADA, LINK, DOGE, and XLM aligns with the platform’s strategy to broaden its appeal across diverse digital currency communities.

Each chosen asset brings distinct characteristics: Cardano’s innovative advancements, Chainlink’s position as a prominent Oracle service provider, and the unique audience appeal of Dogecoin and Stellar were key factors influencing their selection for inclusion on the Coinbase International Exchange.

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Coinbase carefully evaluates assets to support, taking into account global regulatory considerations.

Apart from Bitcoin and Ethereum futures, the platform also accommodates XRP futures internationally, following a legal ruling that set XRP apart as the only altcoin not classified as an investment contract in the US, as determined by Judge Analisa Torres’ decision on July 13.

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.

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