Coinbase Expands Its Product Range by Launching Perpetual Contract Transactions for BB, CFX Coin and NEO Tokens

Cryptocurrency exchanges are trying to gain a competitive advantage by offering their users a wider range of transaction options.

Cryptocurrency exchange Coinbase is expanding the services it offers its users. The exchange has recently launched perpetual contract transactions for BB, CFX coin and NEO tokens on both Coinbase International and Coinbase Advanced. Perpetual contracts are derivative products that do not have a specific maturity date and allow investors to make more flexible transactions.

Coinbase Launches Perpetual Contract Transactions for BB, CFX Coin, and NEO Tokens

Coinbase, which has an important place in the crypto world, continues to expand the services it offers to its users. According to news from official sources on September 5, Coinbase International and Coinbase Advanced platforms launched perpetual contract transactions for BB, CFX coin and NEO tokens. With this innovation, users will now be able to place limit, market, take-profit and stop-loss orders on these tokens.

Coinbase’s CFX Coin, NEO and BB Move Draws Attention

Cryptocurrency exchanges are trying to gain a competitive advantage by offering their users a wider range of transaction options. Coinbase, as one of the largest platforms adopting this strategy, has taken a new step and launched perpetual contract transactions for BB, CFX coin and NEO tokens on both Coinbase International and Coinbase Advanced.

Perpetual contracts are derivative products that do not have a specific maturity date and allow investors to make more flexible transactions. The presence of these products on the platform continues to attract the attention of both professional and amateur investors.

Our BB-PERP, CFX-PERP, and NEO-PERP markets are now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available.

Perpetual contract transactions are an important tool that allows users investing in crypto assets to better manage their risk. Unlike spot markets, these contracts offer investors the opportunity to profit from both the rise and fall of prices. Investors can take short positions when they predict the price will fall and long positions when they think it will rise. This flexibility allows users to create more trading strategies.

Coinbase’s Product Range Is Expanding

These new trading options offered by the Coinbase International and Coinbase Advanced platforms show the exchange’s determination to offer its users more investment opportunities. BB, CFX coin and NEO tokens are among the projects that are closely followed by different investor groups around the world. NEO, in particular, has a great impact on the Asian market as it is one of China’s first open-source blockchain platforms. While CFX (Conflux) stands out with its innovative structure as a blockchain project based in China, the BB (BounceBit) token has also managed to reach a significant investor base despite being a newer project.

The fact that these three tokens are accessible to users through continuous contract transactions also aligns with Coinbase’s strategy to increase diversity in the cryptocurrency ecosystem. The limit, market, take-profit and stop-loss order options offered in continuous contract transactions offer investors more control, which is a great advantage especially for professional investors. For BB, CFX coin and NEO tokens offered on Coinbase International and Coinbase Advanced, four different order types are offered to users in continuous contract transactions:

Limit Order: This order type allows users to specify the price at which they want to buy or sell a cryptocurrency. The order will only be executed if the market price reaches the specified level.

Market Order: This order type is used to buy or sell a cryptocurrency at the current market price. It is executed immediately.

Stop Order: This order type is used to create a pending order that will be triggered when the market price reaches a specified level. For example, a user can place a stop-loss order to automatically sell their cryptocurrency if the price falls below a certain point.

Stop Limit Order: This order type combines a stop order with a limit order. It is used to create a pending order that will be triggered when the market price reaches a specified level and then executed at a different price.