Coinbase will suspend nine perpetual contracts, including EDGE-PERP and PROMPT-PERP.
PANews reported on February 7th that, according to an official announcement from Coinbase Markets, Coinbase Advanced and Coinbase International Exchange will suspend trading of the following perpetual contracts starting around 21:00 Beijing time on February 20th: EDGE-PERP, PROMPT-PERP, 1000SATS-PERP, FLOW-PERP, SCR-PERP, IO-PERP, AR-PERP, HMSTR-PERP, and DEGEN-PERP.
The platform stated that this suspension is part of its ongoing efforts to maintain a high-quality derivatives market, aiming to concentrate resources on supporting products with good liquidity and meeting market quality standards. This ensures price integrity and provides users with deeper liquidity and a better trading experience. By streamlining its perpetual contract product line, the platform can focus more on supporting the markets most frequently used by its clients and launch new high-quality derivatives more efficiently. In the coming months, the platform will accelerate the launch of new perpetual contracts by simplifying internal processes and utilizing advanced evaluation frameworks.
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