While the cryptocurrency market follows a fluctuating course, hot news continues to come from the stock markets. In a recent development, Coinbase International, the global arm of leading crypto exchange Coinbase, announced that it will launch futures contracts for 3 altcoins. There was no change in tok prices due to the negative atmosphere in the market.
Good news for these 3 altcoins from Coinbase International
cryptokoin.comAs you follow from , red continues to dominate the market. Although the leading cryptocurrency Bitcoin manages to stay above 42 thousand dollars, it is having difficulty advancing. This pushes investors to look for different catalysts. These days, listing on major exchanges serves as important support for the relevant tokens. That’s why investors and traders follow this news closely. In a recent development, Coinbase International, the global arm of leading crypto exchange Coinbase, announced that it will list 3 altcoin projects on futures. Coinbase International shared the following announcement for APT, FIL and SUI.
CoinbaseIntExch will add support for Aptos, Filecoin, and Sui perpetual futures contracts on Coinbase International Exchange and Coinbase Advanced. The opening of our APT-PERP, FIL-PERP and SUI-PERP markets will begin on or after 11:00 UTC on February 8, 2024.
Coinbase is courting high-volume investors
As we start the new month, Coinbase announced that it plans to create a new fee tier upgrade program for Coinbase Advanced, the exchange’s VIP and high-volume traders. As a result, top traders from other cryptocurrency exchanges will now be allowed to upgrade to lower fee tiers. The only thing required from these people is to prove their transaction volume to determine their capacity. Coinbase stated that it made this move to facilitate cheaper transactions for these VIP traders. To put it in perspective, it will allow those traders on other exchanges who register more than $500,000 in monthly trading volume to quickly upgrade to lower fee tiers. While in this position, high-volume traders will pay maker fees as low as 0.0% on spot transactions on Coinbase Advanced.
The program will come into effect immediately. However, investors will need to choose existing crypto exchanges. Additionally, they then need to upload a screenshot of their last trading volume. Once verified, investors will be upgraded to a fee tier with lower fees than those achieved on crypto exchanges. The upgrade process is likely to take approximately five business days. The lower fee will continue for 60 days. The monthly trading volume of upgraded investors will then determine their subsequent fees on Coinbase. Other benefits will accompany the lower pay tier for 60 days. Therefore, it will include free premium customer support to provide timely assistance for questions and trading needs.
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