Coinbase To Launch Perpetual Futures For Render, Saga & Threshold
The post Coinbase To Launch Perpetual Futures For Render, Saga & Threshold appeared on BitcoinEthereumNews.com.
Crypto exchange Coinbase has announced the introduction of perpetual futures contracts for Render (RNDR), Saga (SAGA), and Threshold (T) on its International Exchange and Coinbase Advanced platforms. Following this announcement, the tokens saw positive price movements, reflecting increased investor confidence. Coinbase Perpetual Futures for Render, Saga & Threshold According to an X post, the crypto exchange Coinbase is to extend its offering with Render, Saga, and Threshold perpetual futures contracts. The contracts will be listed on both the International Exchange and Advanced platforms. Trading for the new perpetual futures pairs RENDER-PERP, SAGA-PERP, and T-PERP will start on or after 09:30 AM UTC on August 29, 2024. @CoinbaseIntExch will add support for Render, Saga, and Threshold perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our RENDER-PERP, SAGA-PERP, and T-PERP markets will begin on or after 9:30am UTC 29 AUG 2024. $RENDER $SAGA $T pic.twitter.com/xoiQ0cwK8D — Coinbase International Exchange 🛡️ (@CoinbaseIntExch) August 22, 2024 This means that traders can use leverage to trade these altcoins and this can be beneficial as it can increase the returns in the event of price movements in the market. Perpetual futures contracts are common in the crypto market because they are not time-limited like futures contracts. EURC Conversion and Polygon Support In addition, the exchange has also announced the addition of a new 1:1 conversion for euros to the euro-pegged stablecoin, EURC. This conversion service will be available in Coinbase Advanced starting August 28, 2024, and there will be no fees for using it. This step is in line with the Markets in Crypto Assets (MiCA) regulations set by the European Union to facilitate legal transactions within the EU. The crypto exchange has also recently added support for the Polygon Ecosystem Token (POL) on both the Polygon and Ethereum networks. The integration…
Filed under: News - @ August 23, 2024 5:17 am