Coinbase International announces support for pre-launch market
Users will be able to trade futures of soon-to-be-listed tokens and coins on the exchange.
Coinbase International is following in the footsteps of centralized exchanges such as Binance, Bybit, Bitget and OKX in creating a launchpad for up-and-coming crypto projects.
“Pre-launch markets allow users to trade perpetual futures contracts on tokens that have not launched yet,” Coinbase revealed on June 17, adding: “When the underlying token is launched on applicable spot exchanges, the instrument converts to a standard perpetual contract.”
The feature will be available to institutional investors via Coinbase International and retail traders via Coinbase Advanced. Pre-launch market assets are capped at an initial margin of 50%, or 2x leverage, and a notional position limit of $50,000 per token.
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Author: Zhiyuan Sun
