Coinbase Introduces MATIC and BCH Perpetual Futures Contracts
Coinbase International Exchange unveiled its latest move in expanding its market offerings by introducing perpetual futures contracts for Polygon (MATIC) and Bitcoin Cash (BCH) on both the Coinbase International Exchange and Coinbase Advanced.
This strategic decision comes amidst a significant uptick in trading volumes within the crypto sphere.
From December 7 onwards, traders will gain access to MATIC-PERP and BCH-PERP contracts, a substantial augmentation to the exchange’s perpetual contracts portfolio.
The inception of Coinbase International Exchange was aimed at providing non-US institutional investors with avenues for perpetual futures trading. Expanding its horizons, the exchange acquired regulatory clearance in September to extend this offering to eligible non-US retail customers.
Recent reports indicated the inclusion of Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM) in Coinbase International Exchange’s perpetual contracts, thereby widening the investment opportunities beyond the traditionally popular Bitcoin (BTC) and Ethereum (ETH).
Industry experts remain optimistic about the potential price movements for MATIC and BCH, pointing to substantial accumulation by major investors and a broader resurgence across the crypto market.
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At the time of writing MATIC is trading at $0.81 after a 5% surge over the past week. Meanwhile BCH is priced at $227 with no significant swings in the past 24 hours.
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.
