Coinbase to Launch Futures Support for Solana and Avalanche Altcoins – Here’s the Latest

Altcoins Avalanche Coinbase Futures Solana
Last updated:
Author
Author
Sujha Sundararajan
About Author

Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Source: Adobe / Rafael Henrique

Crypto exchange behemoth Coinbase announced Monday that will list two major altcoins on futures.

Coinbase officially announced on X (Twitter) that it “will add support for Solana (SOL) and Avalanche (AVAX) perpetual futures contracts.” The exchange will launch the futures support on Coinbase International Exchange & Coinbase Advanced.

Per the announcement, it will rollout SOL-PERP and AVAX-PERP markets on November 14, subject to liquidity conditions.

Perpetual futures are a type of derivative contract that allows traders to speculate on the underlying asset price movements, indefinitely. They offer several advantages to traders including arbitrage, leveraging and hedging opportunities. However, it also comes with disadvantages including over-leveraging, liquidation, and volatility.

Coinbase Advanced launched perpetual futures trading in October, for customers in eligible jurisdictions outside of the United States. It initially announced four perpetual contracts – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).

Further, the contracts provide leverage of up to 5X, with Ripple offering up to 3X leverage. All perpetual futures contracts are settled in USD Coin (USDC) stablecoin.

“Coinbase complies with local regulations around crypto derivatives, thus perpetual futures trading on our Advanced Trading platform is only available to users in specific non-US regions,” the exchange notes.

In September, Coinbase International Exchange received regulatory approval from the Bermuda Monetary Authority, to offer perpetual futures for non-US customers.

Demand for Crypto Perpetual Futures


Perpetual futures in the crypto markets have become one of the most popular derivatives contracts recently, driving more demand.

According to data on Laevitas, as of November 10, the global centralized exchange (CEX) perpetual volume reached $195.3 billion. Coinbase competitor Binance captured the maximum volume, followed by OKX exchange.

Conor Ryder, research analyst at Kaiko, told Bloomberg that Bitcoin perpetuals-to-spot-volume ratio is at its highest in nearly two years. He added that perps, as they are called in industry jargon, “don’t expire and have been hugely popular with traders.”

Crypto exchange BitMEX first introduced the perpetual contract in 2016. Given the product’s simplicity, it originally captured retail traders, and many exchanges followed BitMEX with their own perpetual contracts.

More Articles

Price Analysis
$TRUMP Pumping Over 20% This Week: Presidential Memecoin Back for Good?
Arslan Butt
Arslan Butt
2025-02-15 15:26:50
Price Analysis
Study Predicts Bitcoin Surge to $1M by Early 2027: Is That Possible?
Arslan Butt
Arslan Butt
2025-02-15 14:45:43
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors