Coinbase is set to expand its offerings with the introduction of JUP, TNSR, and JTO perpetual futures.
These new listings will cater to both cryptocurrency enthusiasts and institutional investors, offering a variety of order types for enhanced trading control.
Coinbase International Exchange and its advanced platform will soon support perpetual futures for Jupiter (JUP), Tensor (TNSR), and Jito (JTO). This move is part of Coinbase’s strategic expansion to diversify its financial products and enhance the trading experience for its users. The inclusion of these assets aims to provide new opportunities for both speculation and hedging in the crypto market.
Comprehensive Trading Options
Coinbase’s announcement via a recent tweet highlights the introduction of multiple order types including limit, market, stop, and stop-limit. These features are designed to give traders greater control over their positions and risk management.
The trading of JUP-PERP, TNSR-PERP, and JTO-PERP is scheduled to commence on or after 9:30 AM UTC on May 16, 2024.
Legal Challenges and Market Response
Coinbase’s plans for new futures are overshadowed by recent legal challenges. As reported by CNF, a new lawsuit alleges that Coinbase sold securities without proper authorizations, focusing on tokens such as Stellar’s XLM, Solana’s SOL, and others. Despite these challenges, the market has reacted positively to the new listings. Jupiter’s JUP climbed by 5.35%, now priced at $1.09 with significant trading volumes. In contrast, Jito’s JTO experienced a drop, while Tensor’s TNSR saw a price rise of 3.60%.
As Coinbase gears up to list these new perpetual futures, the trading community should consider both the promising opportunities these listings present and the ongoing legal complexities facing Coinbase. The upcoming offerings underline Coinbase’s commitment to broadening its trading landscape, while also navigating through legal scrutiny.
