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Cryptocurrency News Articles
Coinbase Adds JUP, TNSR, and JTO Perpetual Futures to Trading Lineup
May 10, 2024 at 07:09 am
Coinbase, a reputable US-based cryptocurrency exchange, has announced the impending listing of perpetual futures contracts for three altcoins: Jupiter (JUP), Token (TNSR), and Jito (JTO). These contracts will be accessible for trading on both the Coinbase Exchange and Coinbase Advanced platforms from May 16, 2024, at 9:30 UTC.
Coinbase Expands Trading Horizons with Three New Altcoin Perpetual Futures Contracts
In a bold move that underscores its commitment to providing a comprehensive trading ecosystem, Coinbase, the leading U.S. cryptocurrency exchange, has announced the listing of three new altcoin perpetual futures contracts: Jupiter (JUP), Token (TNSR), and Jito (JTO).
Effective May 16, 2024, at 9:30 UTC, these contracts will be available for trading on the Coinbase Exchange and Coinbase Advanced platforms. This expansion is a testament to Coinbase's dedication to offering a diverse range of investment opportunities to its vast user base.
The addition of JUP-PERP, TNSR-PERP, and JTO-PERP futures contracts marks a significant step in Coinbase's expansion strategy. It demonstrates the exchange's unwavering commitment to staying ahead of the curve in the rapidly evolving cryptocurrency landscape.
"We are thrilled to introduce these new altcoin perpetual futures contracts to our platform," said Coinbase Chief Operating Officer, Emilie Choi. "This expansion is a direct response to the growing demand for altcoin trading options among our users. We believe that these new contracts will provide our customers with the flexibility and control they need to navigate the dynamic crypto market."
The launch of these contracts is a strategic move that aligns perfectly with the growing appetite for alternative cryptocurrencies. JUP, TNSR, and JTO are emerging projects with unique value propositions, attracting a loyal community of investors.
By adding these new contracts to its portfolio, Coinbase is effectively addressing the needs of a broader spectrum of traders. These contracts cater to those seeking exposure to promising but often less liquid altcoins, allowing them to participate in the market without directly purchasing the underlying assets.
"Our goal is to provide our users with access to a wide range of investment opportunities," said Coinbase Co-Founder and CEO, Brian Armstrong. "By offering altcoin perpetual futures contracts, we are empowering our customers to explore new asset classes and diversify their portfolios."
The listing of these new contracts is a significant milestone for Coinbase and the cryptocurrency industry as a whole. It reflects the growing maturity of the market and the increasing demand for sophisticated trading instruments. Coinbase's unwavering commitment to innovation and customer satisfaction continues to position it as a leader in the digital asset revolution.
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