Shiba Inu Perpetual Futures Now Live on Coinbase International Exchange and Coinbase Advanced

May 30, 2024
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Shiba Inu (SHIB) has gained another layer of accessibility for traders today as Coinbase International Exchange and Coinbase Advanced launched perpetual futures for the popular decentralized cryptocurrency.

Coinbase International Exchange and Coinbase Advanced began offering perpetual futures for SHIB starting today. This marks a significant development for the Shib ecosystem, potentially increasing accessibility and attracting new investors with a taste for leveraged trading.

Perpetual futures contracts are financial instruments that track the underlying asset (in this case, SHIB) but don’t have a fixed settlement date. Traders can now speculate on SHIB’s price movements in more ways than just traditional spot trading. Perpetual futures allow using leverage, which magnifies potential returns (and losses).

Perpetual futures markets can attract a wider range of traders, potentially leading to increased liquidity for SHIB. This translates to tighter bid-ask spreads and potentially smoother price discovery. Tighter spreads mean the difference between the price a buyer is willing to pay (bid) and the price a seller is willing to accept (ask) is smaller, reducing transaction costs.

Smoother price discovery refers to the process by which the market establishes a fair price for an asset, and perpetual futures can help to ensure that this process is more efficient.

Disclaimer: Violet has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.

The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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