19 Apr

Coinbase International, a cryptocurrency exchange, recently announced that, starting of April 25th, non-US users in specific jurisdictions would be able to trade perpetual futures with $WIF.

WIF Perpetual Futures Trading: Coinbase, a cryptocurrency exchange, increases its offerings

As expected, by the end of this month, Coinbase International Exchange (CIE) and Coinbase Advanced plan to provide perpetual futures trading for dogwifhat ($WIF +3.24%).

According to a post on X by CIE on Thursday, trading services for non-US customers of the exchange will launch perpetual futures trading for this memecoin based on Solana on April 25th at 9:30 UTC.

The global marketplace Coinbase delayed the debut of its Pepe-based perpetual futures products about a week ago. As announced by the exchange on X, 1000PEPE-PERP on CIE was set to open on April 18.

A year after receiving regulatory clearance to provide perpetual futures to non-US clients in specific locations, CIE has the desire to introduce a series of perpetual futures offers on cryptocurrencies.

It has proven more difficult to get approval to sell comparable items in the US, though. US regulators exercise caution when approving cryptocurrency-based futures offerings.

However, Coinbase was able to provide bitcoin futures trading to a small group of US retail traders via Coinbase Advanced last year after receiving approval from the National Futures Association.

Addition of support for the new cryptocurrency project OMNI by Coinbase and Binance

As revealed by the social media site X, two significant cryptocurrency exchange platforms have increased their backing for a new altcoin project built on Ethereum (ETH).

The top cryptocurrency exchange in the US, Coinbase, has announced that Omni Network (OMNI) will be added to its trading platform. The goal of Omni Network is to create a single, integrated network out of the Ethereum rollup ecosystem.

The altcoin has been categorized by Coinbase as "experimental," a classification used for less liquid and riskier coins.

One of the biggest cryptocurrency exchanges in the world, Binance, had already announced the inclusion of OMNI in Binance Launchpool.

enabling users to place bets in order to generate fresh resources prior to the token being made available for spot trading on April 17. Binance will give OMNI a seed tag, which is only given to low-liquidity projects with a higher potential for volatility.

Before trading the tokens, owners of assets with this tag will have to validate their understanding of the risks by passing tests every ninety days.

Celsius Network sends Coinbase a substantial quantity of Ethereum

Ethereum (ETH) tokens worth $24.5 million were recently transferred to Coinbase by Celsius Network, a cryptocurrency lending platform, at an average price of $3,022 per ETH.

In the industry, this transfer has grown to be among the most significant. Leading blockchain analysis firm Spot On Chain has identified Celsius Network's financial recovery plan.

Celsius Network made the biggest Ether withdrawal from the platform in the last three months with this transaction, sending 8,091 units of Ethereum to Coinbase.

The Celsius Network's previous Ethereum token transfer operations, worth a total of 1.9 billion dollars, have been examined to show a movement strategy among different controlled exchanges between November 13, 2023, and January 31, 2024. 

April 2024, Cryptoniteuae

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