Coinbase Unveils Pre-Launch Markets to Trade Perpetual Futures Contracts on Upcoming Tokens

Crypto exchange Coinbase has unveiled its newest offering, pre-launch markets, which will enable users to trade perpetual futures contracts on tokens that are in their pre-token generation event (TGE) stage.

Major crypto exchange Coinbase has announced the launch of pre-launch markets, a new offering that will allow users to trade perpetual futures contracts on tokens that are yet to hold their token generation event (TGE).

Coinbase will become the first major exchange to offer pre-launch perpetuals, a market niche that has gained popularity through onchain products like Hyperliquid and Whales Market. The new feature will be available only to Coinbase Advanced users.

Currently, pre-market trading iterations have low liquidity and volume, which can lead to inaccurate token valuations before the TGE. Operating on a centralized platform could provide a more liquid environment for users to trade tokens in their pre-launch stage.

The pre-launch trading platform differs significantly from traditional perpetual markets. It carries third-party risks such as the tokens never launching and higher liquidation risks because of the increased volatility associated with pre-market valuations.

News source：https://www.kdj.com/cryptocurrencies-news/articles/coinbase-unveils-prelaunch-markets-trade-perpetual-futures-contracts-upcoming-tokens.html

The above is the detailed content of Coinbase Unveils Pre-Launch Markets to Trade Perpetual Futures Contracts on Upcoming Tokens. For more information, please follow other related articles on the PHP Chinese website!