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Coinbase International Exchange and Advanced Debut Pre-Launch Markets

Coinbase has announced that its International Exchange and Coinbase Advanced platforms are introducing pre-launch markets. According to a statement from Coinbase, these markets will enable eligible retail users to engage in trading perpetual futures contracts for tokens that have not yet been released. This initiative allows participants to contribute to price discovery for upcoming projects.

Pre-Launch Markets For Unreleased Crypto

Institutional users eligible for the new feature can access it through Coinbase International Exchange, while retail traders can utilize Coinbase Advanced. These traders can take advantage of opening long or short positions on tokens that are yet to be launched, with leverage available up to 2x.

Once the underlying token becomes available on relevant spot exchanges, these contracts will automatically transition into standard perpetual futures contracts. The pre-launch markets will be accessible in eligible regions, excluding the U.S., U.K., and Canada.

According to the announcement, pre-launch markets will operate differently from standard perpetual futures markets, incorporating a unique index price mechanism and conversion risks.

Moreover, pre-launch markets carry heightened risks, including lower liquidity, increased volatility, and a higher likelihood of liquidation. These factors may lead to greater fluctuations and potential losses compared to standard perpetual futures markets.

Coinbase Partners With Fireblocks Network

Coinbase International Exchange has teamed up with Fireblocks Network to enhance its offerings of perpetual futures and spot trading features for both institutional and retail clients in specific regions.

Fireblocks, known for its expertise in blockchain security services including secure transfer, storage, and issuance of digital assets, will facilitate connectivity for Coinbase International Exchange customers through its network.

Usman Naeem, CEO of Coinbase International Exchange, emphasized, “As we expand our range of services for institutional and retail clients, this collaboration underscores our commitment to delivering a robust and dependable trading infrastructure for our global customer base.”

The international division enables institutional investors located outside the U.S. to engage in trading perpetual cryptocurrency futures, following the introduction of derivative products to clients in 2023.

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Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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