Coinbase Derivatives has officially expanded its services by allowing 24/7 trading of monthly futures contracts for a wide range of altcoins.
Traders now have 24-hour access to futures markets for assets such as Shiba Inu, Avalanche, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Hedera, Litecoin, Stellar and 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 removes previous time constraints that often limited the amount of time traders could participate in futures trading.
“It doesn’t stop there.”
Starting December 15th, US perpetual-style altcoin futures will also be launched.
Unlike monthly futures, perpetual futures do not have a set expiration date, allowing traders to hold positions indefinitely with leverage.
