Coinbase has announced that qualifying clients living outside of the United States can now trade perpetual futures on Coinbase Advance, the company’s specialized platform for sophisticated individual traders.
Beginning October 18, traders will be able to bid in their preferred currency, USDC, on four separate contracts spanning Litecoin, Bitcoin, Ether, and XRP. These contracts will each provide up to 5X leverage.
Perpetual futures trading will be available only on the Coinbase Advanced website. The corporation did, however, say that mobile trading will be accessible soon. Coinbase stated that the exchange’s perpetual futures are adequately covered by its USDC-sponsored Liquidity Support Program and Insurance Fund.
Furthermore, the exchange reminded investors that liquidity will be supplied on its platforms by “established and independent” liquidity providers that have completed comprehensive compliance examinations, effectively eliminating the exchange’s involvement in market making.
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