Coinbase to offer futures such as L2 virtual currency stocks

Added 3 new derivatives

Coinbase, a major US cryptocurrency exchange, has announced plans to newly offer perpetual futures trading for Optimism (OP), Arbitrum (ARB), and Ethereum Classic (ETC). It will be available from 10:00 on December 13th (UTC).

@CoinbaseIntExch will add support for Optimism, Arbitrum, and Ethereum Classic perpetual future contracts on Coinbase International Exchange and Coinbase Advanced. The opening of our OP-PERP, ARB-PERP, and ETC-PERP markets will begin on or after 10am UTC on 13 DEC 2023 . pic.twitter.com/qExGSbGEq2

— Coinbase International Exchange (@CoinbaseIntExch) December 8, 2023

In addition to Bitcoin and Ethereum, Coinbase has so far offered perpetual futures trading on Solana (SOL), Avalanche (AVAX), and ADA, LINK, DOGE, and XLM, as well as on the overseas exchange Coinbase International Exchange and in the United States. “Coinbase Advanced”, and on the 7th, Polygon (MATIC) and Bitcoin Cash (BCH) were added as derivatives.

Coinbase is looking to expand its crypto derivatives market share internationally as rival Binance’s U.S. and global market share declines. The stock price of Coinbase stock COIN rose +7.6% from the previous day.

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