Coinbase has recently announced support for pre-launch markets on Coinbase Advanced and Coinbase International Exchange. The tools will be made available for users in eligible areas outside of Canada, the UK, and the US.
Pre-launch markets allow traders to undertake futures contracts for tokens not yet launched. After the token is launched on different spot exchanges, the contracts transition into general perpetual futures contracts.
This news has potential users interested, leading many to seek out reviews of Coinbase to understand the platform’s offerings beyond this new feature. According to the reviews, Coinbase will now allow traders to partake in price discovery of coming projects.
All of this will be done in a secure and trusted platform. Eligible traders can also open short or long positions on an unlaunched token with up to 2 times leverage.
At the same time, eligible institutional users can also access the pre-launch markets using the Coinbase International Exchange. To top it all, the platform will also help eligible traders to access pre-launch markets using Coinbase Advanced.
Traders can access Coinbase Advanced by:-
- Log in to the Coinbase mobile app or Coinbase.com
- Click on the menu
- Toggle on the Advanced
Users must make sure that the mobile app is up-to-date to get the best experience. According to the latest press release, Coinbase has stated that the inaugural pre-launch market is coming soon.
More official updates will be added on Coinbase’s official social media handles. The platform has also updated its Help Center to inform users about the pre-launch markets. Traders can use the Help Center to see how these markets are different from the general perpetual futures markets as well.
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