Coinbase International Exchange, the offshoot of Coinbase Global Inc. catering to clients outside of the United States has announced its plans to list Perpetual Future Contracts for four new assets including Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE) and Stellar (XLM).
Coinbase Listing Schedule
As unveiled by the trading behemoth, the four trading pairs for the four assets will be listed on December 30 by 10 am UTC, setting the stage for its clients to embrace these new digital currencies provided the liquidity conditions are met.
Specifically, the trading firm said the pairs ADA-PERP, LINK-PERP, DOGE-PERP, and XLM-PERP markets will go live on the Coinbase International Exchange and Coinbase Advanced respectively. This listing places the four new cryptocurrencies alongside Bitcoin (BTC), Ethereum (ETH), and XRP among others that have been listed since the platform was launched to serve non-US customers.
With the relatively unclear regulations that bind Coinbase users in the United States, the exchange had to explore a different avenue to serve its non-US customers the right way. This gave birth to Coinbase International and the latest addition of ADA, LINK, DOGE, and XLM forms a strategic expansion move that can reach more traders in the broader digital currency ecosystem.
The choice of these assets was an easy one considering their unique value propositions and dedicated community of followers. While Cardano has made headlines thus far this year for its new innovations and dedication to development efforts, Chainlink has continued to expand its reach as the de-facto Oracle service provider in the industry.
The duo of Dogecoin and Stellar also have their unique appeal and audiences, making them the right pick for the Coinbase International Exchange listing.
The Strategic Decision on Assets to Support
In order to adhere strictly to regulatory provisions around the world, Coinbase decides on which assets to provide support for based on their respective status in the industry.
Besides Bitcoin and Ethereum futures, the platform also supports XRP futures on its international platform, a move that came after the digital currency earned the status as the only altcoin that cannot be tagged as an investment contract in the United States.
This status came after Judge Analisa Torres’ ruling on July 13, a verdict that is currently the law regarding the coin in the US.
