Coinbase's New Futures Exchange Takes Bite Out Of Crypto Market
Portfolio Pulse from Murtuza Merchant
Coinbase's overseas futures exchange recorded nearly $2 billion in volumes for July. The exchange was launched with two contracts, Bitcoin and Ether perpetual futures. In July, Bitcoin futures volumes exceeded $550 billion. Coinbase's new market constitutes a minor segment of the broader crypto futures market. Monthly volumes for Coinbase International's Ether contract reached $770 million in July.
August 01, 2023 | 3:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
In July, Bitcoin futures volumes exceeded $550 billion.
The high trading volumes of Bitcoin futures indicate a strong demand, which could positively impact its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coinbase's overseas futures exchange recorded nearly $2 billion in volumes for July. The exchange was launched with two contracts, Bitcoin and Ether perpetual futures.
The high trading volumes on Coinbase's overseas futures exchange indicate a strong demand for its services, which could positively impact its earnings and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Monthly volumes for Coinbase International's Ether contract reached $770 million in July.
The high trading volumes of Ether contracts indicate a strong demand, which could positively impact its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80