Coinbase Expands: IP-PERP to Standard Perpetual Contracts

Coinbase International Site: IP-PERP Pre-Launch Market to Transition to Standard Perpetual Contract Market

Coinbase International has announced its plans to transition the IP-PERP pre-launch market to a standard perpetual futures market. The conversion process is expected to commence around 23:00 (UTC+8) and will take approximately 4 hours to complete.

The move comes as part of Coinbase's ongoing efforts to enhance its trading platform and provide users with access to a wider range of financial instruments. Perpetual contracts are a popular choice among traders due to their flexibility and leverage, allowing for both long and short positions without an expiration date.

This transition is likely to be well-received by Coinbase's user base, as it will provide them with more options for trading and hedging their positions. Additionally, the introduction of standard perpetual contracts may attract new users to the platform, further boosting Coinbase's market share in the cryptocurrency trading space.

Coinbase has been actively expanding its offerings in recent months, with the launch of new products and services such as staking, lending, and custody solutions. The company has also been focusing on regulatory compliance and security, aiming to make cryptocurrency trading more accessible and safe for users.

The transition to standard perpetual contracts is another step in Coinbase's strategy to become a one-stop shop for all cryptocurrency-related needs. As the market continues to evolve, Coinbase is positioning itself to remain a leading player in the industry, offering a diverse range of products and services to cater to the needs of both retail and institutional investors.