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Coinbase International to Add 4 New Pairs of Futures Contracts

3M ago
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Coinbase International to Add 4 New Pairs of Futures Contracts

  • Markets for ADA/PERP, LINK/PERP, DOGE/PERP, and XLM/PERP have been announced.
  • The pick of these assets was an obvious one given their distinct value propositions.

Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM) have all been added to the list of upcoming assets that Coinbase International Exchange, a subsidiary of Coinbase Global Inc. aimed at non-US customers, will be offering as Perpetual Future Contracts.

The exchange has announced that it would offer trading pairs for all four assets on December 30 at 10 am UTC, clearing the way for its customers to adopt the new digital currencies as long as the necessary liquidity criteria are satisfied.

Markets for ADA/PERP, LINK/PERP, DOGE/PERP, and XLM/PERP have been announced for launch on Coinbase International Exchange and Coinbase Advanced.

Strategic Inclusion

The four new cryptocurrencies join Bitcoin, Ethereum, and XRP, as well as others that have been available on the platform since it began accepting non-US consumers.

Coinbase has to take a different approach to serving its non-US consumers properly due to the lack of clarity in the legislation that binds its US users. Also, with the inclusion of ADA, LINK, DOGE, and XLM, Coinbase has taken a deliberate step towards expanding its international presence and thereby increasing its exposure to traders in the larger digital currency ecosystem.

The pick of these assets was an obvious one given their distinct value propositions and loyal group of enthusiasts. Chainlink has expanded its scope as the industry’s de-facto Oracle service provider while Cardano has made news this year for its innovative features and devotion to development efforts. Amid the regulatory woes in the U.S Coinbase has been eager to expand internationally eyeing a larger market share.

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