u.today
Coinbase Derivatives has officially expanded its offerings by enabling 24/7 trading for monthly futures contracts on a broad range of altcoins.
Traders now have round-the-clock access to futures markets for assets like Shiba Inu, Avalanche, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Hedera, Litecoin, and Stellar, as well as some other altcoins.
Monthly futures are derivative contracts that allow traders to speculate on the price of these cryptocurrencies at a specific point in the future, rather than trading the underlying coins directly.
Coinbase is removing the previous time constraints that often limited when traders could engage in futures trading.
"Not stopping there"
Starting December 15, it will also launch US perpetual-style futures for altcoins.
Unlike monthly futures, perpetual futures do not have a fixed expiration date, enabling traders to hold positions indefinitely while still using leverage.