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CDS Crypto News BTC, ETH, XRP, ADA, DOGE Surge in Response to Coinbase News—Unraveling the Reasons

Crypto News

BTC, ETH, XRP, ADA, DOGE Surge in Response to Coinbase News—Unraveling the Reasons

Coinbase International Exchange offering flat 10x leverage on all listed perpetual futures contracts such as BTC, ETH, XRP, SOL, ADA, and DOGE

sevval06/12/20231 Mins read548

On Wednesday, cryptocurrency exchange Coinbase announced a significant increase in leverage for perpetual futures trading on both its Coinbase International Exchange and Coinbase Advanced platforms. The platform will now provide 10x leverage for all perpetual futures contracts, including popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE). Traders responded promptly to this development.

BTC, ETH, XRP, ADA, DOGE Surge in Response to Coinbase News—Unraveling the Reasons

As detailed in a December 6 post on X, Coinbase International Exchange is expanding its leverage offerings to 10x across all perpetual futures contracts listed. This enhancement allows users to access maximum leverage for all cryptocurrencies listed on both Coinbase International Exchange and Coinbase Advanced.

This strategic move aligns with the backdrop of Bitcoin’s surge beyond $44,000, contributing to a market-wide recovery. The global market capitalization has seen a notable increase of over 4% in the last 24 hours, fueled by substantial trading volumes.

The list of perpetual contracts on Coinbase International Exchange includes a diverse range of cryptocurrencies, such as BTC, ETH, XRP, SOL, ADA, DOGE, AVAX, LTC, LINK, MATIC, BCH, and XLM.

In addition to this leverage update, Coinbase continues to expand its perpetual contracts offerings by recently introducing Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Stellar (XLM), Polygon (MATIC), and Bitcoin Cash (BCH), as reported by CoinGape. This ongoing expansion reflects Coinbase’s commitment to providing a diverse range of trading options for its users.

Sources:coingape

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sevval

Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.

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