Coinbase International, the platform where cryptocurrency exchange Coinbase offers futures transactions, announced that it has listed three new altcoins.
The altcoins in question include BLUR, SEI and UNI.
UNI in particular is known for its large price fluctuations lately. The decentralized exchange plans to distribute some of the transaction fees to wallet holders holding UNI. After the announcement of this plan, there was a huge increase in the price of the altcoin.
However, Coinbase does not normally offer futures services due to strict rules within the US borders, but the exchange had recently established the international Coinbase International platform and started offering futures services there.
There are still a small number of altcoins on the platform, but the company has a tendency to list especially high volatility and trending altcoins on this platform. Coinbase plans to challenge cryptocurrency exchanges that dominate this market, such as Binance and Bybit, with its futures move.
However, similarly, a significant part of the gap created after the collapse of FTX was also filled by Coinbase.
*This is not investment advice.