US-based cryptocurrency exchange Coinbase has decided to discontinue futures trading for numerous altcoins.
According to the company’s statement, these transactions will be suspended on Coinbase Advanced and Coinbase International Exchange around 13:00 UTC (16:00 UTC+3) on April 21.
Coinbase announced that futures trading for the following altcoins will be suspended as part of this decision:
- TRB-PERP
- RARE-PERP
- NEIRO-PERP
- A-PERP
- ME-PERP
- XTZ-PERP
- KMNO-PERP
- RAY-PERP
- STX-PERP
- ENS-PERP
- GMT-PERP
- SNX-PERP
- 1000FLOKI-PERP
- 0G-PERP
- ORDI-PERP
- NIL-PERP
- BIO-PERP
- UMA-PERP
- BEAM-PERP
- INIT-PERP
- SOMI-PERP
- EGLD-PERP
- CLANKER-PERP
- SOPH-PERP
- BIGTIME-PERP
The statement indicated that all open positions at the time of the suspension would be automatically closed. The final settlement price would be calculated based on the average index price over the last 60 minutes prior to the trading halt. It was also noted that the funding rate would be zero during the last funding period before the final settlement.
*This is not investment advice.
