Coinbase Expands Services: Non-US Customers Gain Access to Perpetual Futures

<p>Coinbase, a cryptocurrency exchange platform, has announced an expansion of its services, allowing eligible non-US customers
to trade perpetual futures on Coinbase Advanced. For sophisticated retail traders
worldwide, it provides an integrated platform to access both highly liquid spot
markets and cutting-edge derivatives. </p><p>This
move is a response to the substantial demand within the crypto community for
futures products. The global crypto derivatives market represents a staggering
75% of crypto trading volume worldwide.</p><p>Coinbase
Advanced: Introducing Perpetual Futures</p><p>The
popularity of crypto derivatives, which include perpetual futures, can be
attributed to several factors. These products offer traders the ability to use
margin, resulting in increased capital efficiency and access to the crypto
market with lower upfront investment. They enable traders to seamlessly go long
and short, providing them with powerful tools to manage risk on their
underlying crypto assets.</p><p>Coinbase
Advanced initially offers four perpetual contracts: <a href="https://www.financemagnates.com/tag/bitcoin/">Bitcoin</a>, <a href="https://www.financemagnates.com/tag/ethereum/">Ethereum</a>, <a href="https://www.financemagnates.com/tag/litecoin/">Litecoin</a>, and <a href="https://www.financemagnates.com/tag/ripple/">Ripple</a>. These contracts
provide leverage of up to 5X, with Ripple offering up to 3X leverage. All
perpetual futures contracts are settled in <a href="https://www.financemagnates.com/tag/usdc/">USDC</a>, a globally-trusted
stablecoin. The platform also plans to expand its offerings in the coming
months, increasing the diversity of products available to customers.</p><blockquote><p lang="en" dir="ltr">Perpetual futures have arrived: Coinbase Advanced customers in eligible non-US geos can now trade BTC, ETH, LTC, and XRP perpetual contracts. Learn more at → <a href="https://t.co/IHc0ZI6rHv">https://t.co/IHc0ZI6rHv</a> <a href="https://t.co/7J1NFDmrPX">pic.twitter.com/7J1NFDmrPX</a></p>— Coinbase