The Block Crypto News14 minutes ago

Published on June 17, 2024 17:28 GMT+00:00edited on June 17, 2024 17:31 GMT+00:00

Coinbase is now letting some institutional and retail traders take bets on cryptocurrencies that have yet to launch. 

The exchange's international division has added a pre-launch markets feature that allows some users to trade perpetual futures contracts on tokens that are not on spot exchanges, according to a post on its website published Monday. This lets traders speculate on the future value of upcoming tokens before they go live. The first pre-launch listing is due to go live Monday, Coinbase said in a statement to The Block.  

Those institutional users deemed eligible for the new market can access it through Coinbase International Exchange, while eligible retail traders can use Coinbase Advanced. It is only available outside of the U.S., Canada, and the UK.

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