The cryptocurrency market has started to become active again. Bitcoin and altcoin bulls continue to struggle to advance. However, the bears quickly frustrate their rally moves. In the midst of this relentless struggle, crypto exchanges are creating new alternatives for their customers. Coinbase International, the futures arm of leading crypto exchange Coinbase, announced that it will launch futures contracts for 3 altcoins. Turkish cryptocurrency investors show special interest in the altcoins in question.
Coinbase International adds JTO, JUP and TNSR to list
cryptokoin.comAs you follow from , crypto exchanges continue to make updates to their listings. Traders and investors closely monitor not only spot trading lists but also futures listings. In this context, the futures arm of the leading cryptocurrency exchange Coinbase announced that Coinbase International will launch JTO, JUP and TNSR perpetual contract transactions. The exchange stated that it will make the contracts in question available on or after 12:30 CET on May 16. In this context, Coinbase made the following statement:
CoinbaseIntExch will add support for JupiterExchange (JUP), Tensor (TNSR), and Jito (JTO) perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of the JTO-PERP, JUP-PERP and TNSR-PERP markets will begin on May 16, 2024 at 12:30 CET or later.
Coinbase’s Base emerges as the best choice for new capital
Layer-2 networks have witnessed massive activity this year even as their native tokens plummeted amid intense volatility in the broader market. These solutions have shown relatively stable activity since the beginning of the year. However, IntoTheBlock’s latest analysis put Base in the spotlight. Accordingly, Base remains the primary attraction for new capital.
According to data shared by IntoTheBlock, the net amount of ETH deposited into Base during this week exceeded 6,500 ETH. Thus, it showed a significant increase. Its rival Arbitrum, on the other hand, saw only half that figure. Optimism fell further behind, with only a fifth of the deposits received by Base. Such a trend shows that despite the growing interest in Layer 2 scaling solutions, investors still prefer Base to deploy their capital, possibly due to factors such as its established infrastructure or perceived reliability. Analysts shared the following assessment:
Despite stabilization of activity among Tier 2s, Base continues to attract the most new capital. The net amount of ETH deposited into Base since Monday has exceeded 6,500 ETH, more than double that of Arbitrum and more than five times that of Optimism.
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