Coinbase, the largest cryptocurrency exchange in the US, has made an announcement regarding 25 altcoins. According to the announcement, Coinbase has decided to discontinue futures trading for these 25 altcoins.
Related altcoins include TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, BIGTIME.
Coinbase stated that this decision aims to focus on protecting products that meet liquidity and market quality standards, simplify its derivatives offering, and improve market liquidity and quality.
“As previously announced, we have suspended trading for the following perpetual futures contracts. Remaining open positions have been automatically closed using the specified final settlement method.”
• RARE – 0.016594 USDC
• NEIRO – 0.0000827 USDC
• A – 0.08187 USDC
• ME- 0.1061 USDC
• XTZ – 0.3667 USDC
• KMNO – 0.019535 USDC
• RAY – 0.665 USDC
• STX – 0.2248 USDC
• ENS – 6.03 USDC
• GMT – 0.012008 USDC
• SNX – 0.29246 USDC
• 1000FLOKI – 0.03148 USDC
• 0G – 0.58633 USDC
• ORDI – 4.663 USDC
• NIL – 0.04069 USDC
• BIO – 0.029321 USDC
• UMA – $0.48346 USDC
• BEAM – 0.001987 USDC
• INIT – 0.09222 USDC
• SOMI – 0.169201 USDC
• EGLD- 4.166 USDC
• CLANKER – 24.56 USDC
• SOPH – 0.008768 USDC
• BIGTIME – 0.0133 USDC”
*This is not investment advice.
