Coinbase Increases Offering of Permanent Contracts by Incorporating Additional Cryptocurrencies
Gimme Some Crypto Action Mayowa Adebajo
Here's the Scoop: Coinbase, the cryptocurrency exchange giant, has fired up another round of excitement by unveiling perpetual contracts for Akash Network, Zcash, and Moonwell starting March 27, 2025, 9:30 AM (UTC).
Known for its knack for turning up the heat after successful Bitcoin and Ethereum perpetuals, this move takes things to a whole new level. Greg Tusar, Coinbase's VP of Institutional Products, announced the move in a right on the money blog post, expressing the company's dedication to unlocking regulated crypto derivatives for the masses.
All Hands on Deck, It's Time for Action
With perpetuals hitting the scene for Akash and the rest, it's game on for traders looking to manage their risk and capitalize on market opportunities as Greg Tusar so eloquently put it. Traders, already jazzed about the increased availability of derivative instruments, are betting big on this development to bring about improved trading dynamics. Official statements from Greg Tusar have given the green light to Coinbase's mission to upgrade trading tools and support market prowess.
Big Waves on the Horizon
In case you didn't know, this move is just another rip in the ever-evolving cryptocurrency market landscape. It's a nod to the trend that's been going strong since 2023, with exchange heavyweights leaping into derivative options across multiple altcoins, including Akash.
At the time of writing, Akash Network is hovering at around $1.20, with a market cap of approximately $297.89 million. The recent 24-hour price change for AKT stands at -2.56%, with the daily trading volume reaching 35.68%, hitting $14.32 million.
Expert Analysis
Financially, the inclusion of more altcoin perpetuals could breathe new life into market depth and diversity. Technologically, it's a sign that Coinbase is in it to adapt and conquer, staying afloat in a fast-paced industry that demands constant evolution.
Remember, in the cryptocurrency jungle, it's the boldest and the strongest that survive. So strap on your trading boots, folks! With Coinbase expanding its regulated crypto derivatives reach, it's time to jump in and see where the crypto waves take you.
Stay sharp and keep an eye out for more moves from Coinbase and the competition. It's gonna be one crazy ride!
Mayowa Adebajo
A seasoned freelance writer, Mayowa specializes in masterfully crafting captivating content that delivers a solid punch. With an unwavering command of the English language and a keen eye for detail, he creates content that's both effective and tailored to suit clients' goals. His expertise spans SEO sniper skills, top-tier copywriting, and knack for happily adapting to diverse niches, ensuring content that grabs readers and drives results!
Fun Fact: In 2023, the launch of perpetual contracts for a variety of altcoins started to become a growing trend, aligning with major exchanges expanding into derivative options for numerous altcoins. This move by Coinbase is just another indication that the race to innovate and adapt to the demands of the crypto markets is heating up!
- Coinbase, recognized for its strategic moves in the cryptocurrency sector, recently announced the addition of perpetual contracts for Akash Network, Zcash, and Moonwell starting from March 27, 2025.
- Amidst the excitement, traders are eager to manage their risk and capitalize on market opportunities with the new derivatives, as expressed by Greg Tusar, Coinbase's VP of Institutional Products.
- Akash Network, currently hovering around $1.20 with a market cap of approximately $297.89 million, could benefit from this move by BTC and ETH perpetuals originator, Coinbase.
- The increased availability of altcoin derivatives is seen as a technological stepping stone, signifying Coinbase's commitment to evolve and dominate the rapidly changing crypto industry.
- In the competitive landscape of cryptocurrencies, the inclusion of more altcoin perpetuals could lead to increased market depth and diversity, propelling the financial growth of various altcoins and the crypto industry as a whole.
