Coinbase increases perpetual futures trading leverage by 10x for global users.
Posted: December 6, 2023 3:28 AM Updated: December 6, 2023 3:28 AM
Correction and fact check date: December 6, 2023, 3:28 AM
briefly
Coinbase International Exchange offers traders enhanced functionality by increasing the leverage for perpetual futures trading by 10x.
Coinbase International Exchange announced a leverage increase for perpetual futures trading, now allowing up to 10x leverage for all listed perpetual futures contracts. This move marks a significant improvement for traders using Coinbase International Exchange and Coinbase Advanced.
This increase in leverage aims to amplify traders’ strategies, giving them greater flexibility to make the most of market opportunities. Coinbase’s improvements could attract more traders looking for higher leverage options in their trading activities.
Introducing 10x leverage in perpetual futures contracts allows traders to maximize their potential profits. However, higher leverage also increases the risk associated with trading, as losses can be greater.
🚀Exciting news: Coinbase International Exchange and Coinbase Advanced are increasing leverage for perpetual futures trading. Now power your strategy and take full advantage of market opportunities with 10x leverage on all listed perpetual futures contracts. pic.twitter.com/krt2HejBAP
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) December 6, 2023
Coinbase Availability permanent gift
Perpetual futures trading on Coinbase is now available to qualified traders in select jurisdictions outside the United States. This move aims to highlight Coinbase’s commitment to expanding its services to customers around the world while complying with local regulatory requirements.
Increasing leverage in cryptocurrency futures trading allows traders to hold larger positions with less capital, which can result in significant market movements. This can lead to higher returns, but it also increases the market’s sensitivity to volatility and rapid price changes.
By offering higher leverage, Coinbase demonstrates its commitment to providing users with advanced trading tools and options. This is consistent with the exchange’s strategy to meet the evolving needs of the cryptocurrency trading community.
Traders should approach high leverage trading with caution, understanding the potential risks and rewards. When engaging in leveraged trading, it is important to have a clear strategy and risk management plan.
Coinbase International Exchange’s increased leverage for perpetual futures trading marks a significant development in the cryptocurrency trading landscape. This gives traders more tools to navigate the markets, while also highlighting the need for responsible trading practices in the volatile world of cryptocurrency.
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Nik is an experienced analyst and writer at Metaverse Post, specializing in providing cutting-edge insights into the rapidly changing world of technology, with a particular focus on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a wide range of audiences, helping them stay ahead of technological advancements. With a Master’s degree in Economics and Management, Nik understands the nuances of the business world and their intersection with new technologies.
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Nick Asti
Nik is an experienced analyst and writer at Metaverse Post, specializing in providing cutting-edge insights into the rapidly changing world of technology, with a particular focus on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a wide range of audiences, helping them stay ahead of technological advancements. With a Master’s degree in Economics and Management, Nik understands the nuances of the business world and their intersection with new technologies.
more articles