Coinbase Adds Support for BounceBit, Conflux, and Neo Perpetual Futures

Crypto exchange Coinbase is set to expand its perpetual futures offerings by adding support for BounceBit (BB), Conflux (CFX), and Neo (NEO).

Coinbase, a cryptocurrency exchange of international stature, has unveiled the addition of perpetual futures for three cryptocurrencies: BounceBit (BB), Conflux (CFX), and Neo (NEO). These markets will officially commence operations on or after 9:30 am UTC on September 5, 2024.

Coinbase Now Supports BounceBit, Conflux, and Neo

According to a recent report, Coinbase is set to expand its perpetual futures offerings by adding support for BB, CFX, and NEO. The trading for the BB-PERP, CFX-PERP, and NEO-PERP markets will begin on or after 9:30 a.m. UTC on September 5.

This move is part of Coinbase's strategy to diversify its product offerings and cater to the diverse trading needs of its global user base.

With the addition of perpetual futures for BounceBit, Conflux, and Neo, traders will be able to access these assets in a leveraged environment, potentially increasing market activity. The new listings are expected to generate interest from traders who wish to capitalize on the price movements of these digital assets. Perpetual futures do not expire, allowing participants to maintain open positions as long as they meet margin requirements.

Coinbase also announced today that the perpetual futures markets for RENDER, SAGA, and T have transitioned to full-trading mode. This means that limit, market, stop, and stop limit orders are now enabled, allowing traders to execute a wider array of strategies.

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