Coinbase, a prominent American cryptocurrency exchange, has announced the impending availability of perpetual futures contracts for three new altcoins: Jupiter (JUP), Token (TNSR), and Jito (JTO). These contracts will be available for trading on Coinbase Exchange and Coinbase Advanced platforms by May 16, 2024, at 9:30 UTC.
Coinbase Announces Expansion of Altcoin Perpetual Futures Contracts
New York, USA - Coinbase, a leading cryptocurrency exchange in the United States, has announced the upcoming listing of three new altcoin perpetual futures contracts: Jupiter (JUP), Token (TNSR), and Jito (JTO). These contracts will be available for trading on both the Coinbase Exchange and Coinbase Advanced platforms as of May 16, 2024, at 9:30 UTC.
This announcement follows Coinbase's recent introduction of AR-PERP, HBAR-PERP, and THETA-PERP contracts on Coinbase International, further expanding the exchange's trading options. The addition of JUP-PERP, TNSR-PERP, and JTO-PERP is a testament to Coinbase's commitment to offering a comprehensive range of crypto assets to its users.
Perpetual futures contracts are financial instruments that allow traders to speculate on the future price of an underlying asset without having to own the actual asset. These contracts provide a high degree of leverage, enabling traders to increase their potential profits or losses.
The issuance of JUP-PERP, TNSR-PERP, and JTO-PERP futures contracts provides traders with increased access to these emerging digital assets. Jupiter (JUP) is the native token of the Jupiter protocol, a decentralized cross-chain aggregator. Token (TNSR) is the utility token of Tensor, a scalable network designed for smart contract execution. Jito (JTO) is the governance token of the Jito Protocol, a platform that enables interoperability between different blockchain networks.
Coinbase's expansion into these new altcoins reflects the growing demand for accessible and reliable trading options in the rapidly evolving cryptocurrency market. By offering a wider range of tradable assets, Coinbase is catering to the needs of both experienced traders and those seeking exposure to the latest innovations in the digital asset space.
The addition of JUP-PERP, TNSR-PERP, and JTO-PERP futures contracts on Coinbase marks a significant step in the exchange's commitment to providing a comprehensive suite of trading instruments to its vast user base. These new offerings further cement Coinbase's position as a leader in the cryptocurrency industry, providing traders with the tools and resources they need to navigate the dynamic and ever-changing market landscape.
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