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Coinbase International Exchange and Advanced Debut Pre-Launch Markets

Hongji Feng
Last updated: | 1 min read
Coinbase International Exchange and Advanced Debut Pre-Launch Markets

Coinbase has announced that its International Exchange and Coinbase Advanced platforms are now offering pre-launch markets.

According to an official announcement by Coinbase, the pre-launch markets will allow eligible retail users to trade perpetual futures contracts on unreleased tokens, participating in price discovery for upcoming projects.

Pre-Launch Markets For Unreleased Crypto

Eligible institutional users can access this new feature through Coinbase International Exchange, while retail traders can do so via Coinbase Advanced. These traders can open long or short positions on tokens that have yet to be launched, with leverage up to 2x.

After the underlying token becomes available on relevant spot exchanges, the contracts will automatically convert into standard perpetual futures contracts. The pre-launch markets will be made available in eligible regions excluding the U.S., U.K., and Canada.

The announcement stated that pre-launch markets would operate differently from standard perpetual futures markets, featuring a unique index price mechanism and conversion risks.

In addition, pre-launch markets come with elevated risks, including lower liquidity, higher volatility, and increased liquidation risk. These factors could make them more prone to fluctuations and potential losses compared to standard perpetual futures markets.

Coinbase Partners With Fireblocks Network

Coinbase International Exchange previously partnered with Fireblocks Network to offer perpetual futures and spot trading features to institutional and retail clients in select regions.

Fireblocks, a blockchain security service provider specializing in the secure transfer, storage, and issuance of digital assets, will enable Coinbase International Exchange customers to connect their accounts using its network.

“As we continue to expand our offerings for institutional and retail clients, this collaboration underscores our commitment to providing a robust and reliable trading infrastructure for our global clientele,” said Coinbase International Exchange CEO Usman Naeem.

The international division enables institutional investors outside the U.S. to trade perpetual cryptocurrency futures as it introduced derivative offerings to clients in 2023.