Coinbase Launches Perpetual Futures for MNT RSR and SUPER

Coinbase has expanded its perpetual futures offerings with the upcoming launch of three new tokens: Mantle (MNT), Reserve Rights (RSR), and SuperVerse (SUPER). These new listings are set to debut on or after 9:30 a.m. UTC on August 21st, providing traders with additional tools for leveraged exposure to emerging crypto assets. The perpetual futures contracts, which are derivative instruments that allow speculation on price movements without expiration dates, will be available on Coinbase International Exchange and Coinbase Advanced [1].

The Mantle (MNT) token supports a modular Ethereum Layer 2 solution aimed at enhancing scalability, while Reserve Rights (RSR) is associated with the Reserve Protocol, a project focused on decentralized stable currency systems. SuperVerse (SUPER), meanwhile, is linked to a Web3 platform that integrates NFTs and gaming. The inclusion of these tokens underscores Coinbase’s strategy to diversify its offerings and meet the demand for more sophisticated trading instruments [1].

Coinbase International Exchange, catering to institutional and advanced traders outside the U.S., and Coinbase Advanced, a platform designed for experienced individual traders, will provide access to these new perpetual futures. This move aligns with the broader trend of exchanges expanding their product suites to accommodate evolving market needs, particularly among more seasoned participants [1].

The launch reflects a continued shift toward structured and leveraged trading in the crypto space. Perpetual futures offer traders the flexibility to take both long and short positions, enabling profit in both bullish and bearish markets. However, the use of leverage also heightens the potential for risk, particularly given the inherent volatility of cryptocurrency markets [1].

Coinbase’s decision to introduce these contracts suggests a growing acceptance of structured financial products within the crypto ecosystem. Traders are advised to approach the new listings with caution, ensuring they understand the underlying assets and employing appropriate risk management strategies. The availability of these contracts on specialized platforms further emphasizes that such instruments are not intended for novice traders [1].

As the crypto market continues to evolve, the introduction of MNT, RSR, and SUPER as perpetual futures offers a significant development for advanced traders seeking expanded exposure. The broader implication is that major exchanges like Coinbase are increasingly positioning themselves as comprehensive trading hubs, capable of catering to a wide range of investor needs.

Source: [1] Coinbase Perpetual Futures: Exciting New Listings for MNT, RSR, and SUPER (https://coinmarketcap.com/community/articles/68a354dcbdc32e67c8ca9104/)