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Coinbase Launches Pre-Launch Crypto Futures Market
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Binance, Bybit, Bitget, and OKX have established similar launchpads for emerging crypto projects.
Emulating Centralized Exchange Launchpads
The pre-launch market on Coinbase International enables users to engage in perpetual futures contracts for tokens before they officially debut on spot exchanges. According to Coinbase’s announcement on June 17th, these contracts seamlessly convert into standard perpetual contracts. This happens once the underlying token launches on applicable spot markets.
Institutional investors will access this feature via Coinbase International, while retail traders can utilize it through Coinbase Advanced. Notably, pre-launch market assets are subject to initial margin caps of 50%, equating to a maximum leverage of 2x. There is also a per-token notional position limit set at $50,000.
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June 18, 2024 at 08:45AM
June 18, 2024 at 08:50AM
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