Coinbase Derivatives to expand 24/7 futures trading for bevy of altcoins including ADA, AVAX, DOGE and SHIB

Coinbase Derivatives announced it will expand its 24/7 futures trading to include a range of altcoins, such as Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Shiba Inu (SHIB), Bitcoin Cash, Chainlink, Hedera, Litecoin, Polkadot, Stellar, and SUI, beginning December 5. This extends the existing 24/7 support already offered for Bitcoin, Ethereum, Solana, and XRP products. Furthermore, Coinbase is planning to introduce U.S. perpetual-style futures contracts for these altcoins, which utilize a funding rate mechanism to track spot prices but feature a five-year expiration rather than being indefinite like true perpetuals. These product expansions follow Coinbase's acquisition of Deribit and occur as trading activity increasingly shifts toward decentralized platforms.

(Source：The Block)