Coinbase International Exchange, a popular centralized exchange for crypto trading, has announced an exclusive development. As per Coinbase International Exchange, it is adding support for the perpetual futures of The Graph, Gigachad, and Toshi. The platform took to social media to reveal this development.
Coinbase International Exchange Supports The Graph, Gigachad, and Toshi Perpetual Futures Contracts
Coinbase International Exchange pointed out its endeavor to offer GRT-PERP, GIGA-PERP, and TOSHI-PERP for trading by supporting The Graph, Gigachad, and Toshi’s perpetual future contracts. The users will be able to trade these contracts on Coinbase Advanced and Coinbase International Exchange from the 30th of January. Perpetual futures contracts serve as a popular instrument in crypto markets and enable traders to speculate on an asset’s price without requiring them to own the core asset.
The support for the above-mentioned contracts indicates Coinbase’s focus on the expansion of its portfolio of derivatives. In this respect, it wants to cater to the increasing demand for unique trading instruments. The respective expansion highlights the platform’s commitment to deliver a broad range of trading options to the worldwide user base.
Crypto Traders Widely Use Perpetual Futures for Flexibility and Enormous Leverage
According to Coinbase International Exchange, the support for these perpetual futures contracts is a notable move to facilitate consumers. These products have gained substantial attention due to their flexibility. Traders prefer them for getting access to massive leverage as well as opportunities for hedging against the volatility in the market.
