Coinbase to Introduce Perpetual Futures Contracts for Polkadot, Internet Computer, and NEAR Protocol

Coinbase banner inscribed "Coin Listing"


Coinbase has announced its expansion plans, unveiling the introduction of perpetual futures contracts for Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) on its platforms. Set to go live on or after 18:00 UTC+8 on February 22, the DOT-PERP, ICP-PERP, and NEAR-PERP markets will offer traders enhanced opportunities for derivatives trading. The move reflects Coinbase’s commitment to diversifying its product offerings and catering to evolving market demands.

Derivatives Trading On Coinbase

Coinbase has unveiled plans to expand its offerings by introducing perpetual futures contracts for Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) on Coinbase International Exchange and Coinbase Advanced. The DOT-PERP, ICP-PERP, and NEAR-PERP markets are set to go live on or after 18:00 UTC+8 on February 22.

A statement from Coinbase International Exchange (@CoinbaseIntExch) confirmed the upcoming addition of perpetual futures contracts for the aforementioned assets. The initiative aims to provide traders with enhanced opportunities to engage in derivatives trading on Coinbase platforms. The markets for DOT-PERP, ICP-PERP, and NEAR-PERP will commence trading activities from 10 am UTC on February 22, 2024.

@CoinbaseIntExch will add support for Polkadot, Internet Computer, and NEAR Protocol perpetual future contracts on Coinbase International Exchange and Coinbase Advanced. The opening of our DOT-PERP, ICP-PERP, and NEAR-PERP markets will begin on or after 10am UTC on 22 FEB 2024. pic.twitter.com/tuwc81APIZ

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) February 15, 2024

Diversification of Offerings

This move underscores Coinbase’s commitment to diversifying its product offerings and catering to the evolving needs of its user base. By introducing perpetual futures contracts for Polkadot, Internet Computer, and NEAR Protocol, Coinbase seeks to provide traders with additional tools and options to manage their investment strategies effectively in the rapidly expanding cryptocurrency market.

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.