Coinbase has announced that it will soon introduce perpetual futures trading for three cryptocurrencies: Beam (BEAM), Aerodrome Finance (AERO), and Drift Protocol (DRIFT). Coinbase International Exchange and Coinbase Advanced will all launch this new service, which will be Coinbase’s continued expansion of offerings on its advanced trading products.
The new perpetual futures markets—AERO-PERP, BEAM-PERP, and DRIFT-PERP—are set to go live on January 16, 2025, starting at 9:The perpetual (or “perp”) futures, or futures on futures, present traders the opportunity to bet on price movements of digital assets without an expiration.
Coinbase expands perpetual futures for global retailers
This announcement follows Coinbase’s earlier ‘lunk’ into perpetual futures trading in May 2023 and in September, adding support for non-U.S. retailers. Since then, the exchange has also listed some other crypto tokens on perps in the form of ORDI, WLD, and PEPE.
Prices of BEAM, AERO, and DRIFT rebounded from intraday lows after the news of a forthcoming airdrop and listing. All were in the red, AERO, BEAM, and DRIFT, though, at the time of writing, all three assets and broader market trends were struggling for upward momentum, with Bitcoin (BTC) sunk.
Aerodrome Finance is that exchange that facilitates liquidity solutions for a diverse portfolio of digital assets on the Base network. With the Etna upgrade of Avalanche and its transition to a full Lyer 1 blockchain, the BEAM-powered Beam gaming carrier has now true potential for future network growth. A decentralized exchange on Solana Blockchain where anyone can trade, earn, and participate in prediction markets.
With the continued expansion of Coinbase’s products and its ever-growing collection of digital currency offerings, it’s clear that these introduced perpetual contracts will help draw in more seasoned traders and strengthen its place in the crowded crypto market.
