Coinbase Announces Support for Perpetual Futures for Aerodrome Finance, Beam, and Drift Protocol

Coinbase perpetual futures contracts for Aerodrome Finance (AERO), Beam (BEAM), and Drift (DRIFT) will begin trading on Coinbase International Exchange and Coinbase Advanced, the U.S.-based exchange announced on Jan. 9.

Specifically, Coinbase plans to open trading for AERO-PERP, BEAM-PERP, and DRIFT-PERP markets on Jan. 16, 2025. The assets are expected to go live on or after 9:30 a.m. UTC.

Perpetual futures, or “perps,” offer contracts where traders can speculate on cryptocurrency or other assets’ price.

Unlike futures contracts, perps do not have an expiration date. Coinbase announced the launch of perpetual futures trading in May 2023 and expanded the service to non-U.S. retailers in September. Recent perps listings for crypto tokens include support for ORDI, WLD, and PEPE.

Following the latest announcement, the prices of Aerodrome Finance, Beam, and Drift saw slight gains, with the three bouncing off intraday lows alongside other cryptocurrencies. However, all three assets—AERO, BEAM, and DRIFT—remained in the red as of the time of writing, having declined earlier in the day as Bitcoin (BTC) struggled for upside momentum.

Aerodrome Finance is a decentralized exchange on Base, offering liquidity solutions for various digital assets. Beam operates a gaming network powered by the BEAM token. Following the Avalanche Etna upgrade, Beam has transitioned to a fully-fledged Layer 1 blockchain, unlocking new possibilities for network growth.

Drift, on the other hand, is a Solana-based decentralized exchange (DEX) that enables users to trade, earn, and participate in prediction markets.