In a significant move, Coinbase International Exchange, the global arm of Coinbase Global Inc. dedicated to clients outside the United States, has declared its intention to introduce Perpetual Future Contracts for four additional assets: Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM).
According to the announced schedule by the cryptocurrency giant, the trading pairs for these assets, namely ADA-PERP, LINK-PERP, DOGE-PERP, and XLM-PERP, are set to go live on December 30 at 10 am UTC. This development opens the door for clients to explore these new digital currencies, contingent upon meeting liquidity conditions.
The listings will be available on both the Coinbase International Exchange and Coinbase Advanced, aligning these cryptocurrencies with the likes of Bitcoin (BTC), Ethereum (ETH), and XRP, which have been part of the platform since its inception for international clientele.
Given the regulatory uncertainties affecting Coinbase users in the United States, the establishment of Coinbase International was a strategic decision to cater to non-US customers effectively. The recent inclusion of ADA, LINK, DOGE, and XLM is seen as a deliberate expansion move, aiming to tap into a wider audience within the global digital currency ecosystem.
The selection of these assets was made with careful consideration of their unique value propositions and dedicated communities. Cardano’s continuous innovations and commitment to development, Chainlink’s position as a leading Oracle service provider, and the distinctive appeal and communities of Dogecoin and Stellar were pivotal factors in their inclusion.
To adhere to global regulatory provisions, Coinbase meticulously chooses which assets to support based on their standing in the industry. Beyond Bitcoin and Ethereum futures, the platform also accommodates XRP futures on its international platform. This decision followed the digital currency’s recognition as the sole altcoin not categorized as an investment contract in the United States, a status conferred by Judge Analisa Torres’ ruling on July 13, currently the prevailing law regarding the coin in the US.
