- Coinbase introduces perpetual contracts for AKT, ZEC, and WELL.
- Launch scheduled for March 27, 2025.
- New contracts enhance liquidity and trading dynamics.
The addition of these contracts is significant as they expand Coinbase’s derivative offerings, aligning with market trends. Trading options and liquidity for AKT, ZEC, and WELL are expected to improve immediately.
Details on the Launch
Coinbase International will soon support perpetual contracts for Akash Network (AKT), Zcash (ZEC), and Moonwell (WELL). The launch date is set for March 27, 2025, on the Coinbase International Exchange and Coinbase Advanced platforms.
Traders will gain new opportunities with the introduction of these contracts, enhancing strategy options.
“The addition of AKT, ZEC, and WELL perpetuals demonstrates our commitment to expanding regulated crypto derivatives access. These new offerings will provide traders with more tools to manage risk and capitalize on market opportunities.” — Greg Tusar, Vice President of Institutional Products, Coinbase
The move is expected to increase trading options and liquidity significantly. This aligns with the exchange’s strategic expansion of derivatives, responding to growing trends among major exchanges.
Market Status and Expectations
Akash Network (AKT) is currently trading at $1.20, displaying a 24-hour change of -2.56%. Other data for Zcash (ZEC) and Moonwell (WELL) remains unavailable at this time.
Insights from experts indicate these contracts could fundamentally shift the trading landscape, reinforcing the trend towards more diverse crypto derivatives. Analysts anticipate enhanced market depth and improved trading dynamics.
