Coinbase Markets to Halt 25 Perpetual Contracts on March 16: Here’s Why

Coinbase will suspend 25 perpetual futures contracts on March 16, affecting tokens like GRT, SUSHI, and ARKM on its platforms.

Coinbase is making a move in its derivatives space. The exchange has announced plans to suspend trading on 25 perpetual futures contracts. 

This will take effect on March 16 at around 13:00 UTC. The suspension covers both Coinbase Advanced and Coinbase International Exchange. Traders holding open positions on these contracts should take note now.

Coinbase Perpetual Futures Getting Suspended on March 16

The list of affected contracts is extensive. 

According to Coinbase Markets, the suspended perpetuals include MET-PERP, REZ-PERP, BABY-PERP, SUPER-PERP, SUSHI-PERP, GMX-PERP, ERA-PERP, XAN-PERP, VINE-PERP, T-PERP, YB-PERP, WCT-PERP, HOME-PERP, NOT-PERP, MINA-PERP, CATI-PERP, DOGS-PERP, COW-PERP, GRT-PERP, DRIFT-PERP, COOKIE-PERP, ARKM-PERP, B3-PERP, SXT-PERP, and BB-PERP.

Any open positions at the time of suspension will close automatically. Coinbase stated that the final settlement price will use the average index price over the 60 minutes before the suspension. 

Additionally, the funding rate drops to zero during the final funding period before settlement. Traders do not need to manually close their positions before the deadline.

The exchange also noted that it reserves the right to suspend trading at any point. It can also adjust the final settlement price to a reasonable level if necessary. Users trading any of these contracts should monitor the situation closely heading into March 16.

Related Reading: Coinbase Introduces GEX Metric, Warns of Volatility Between $60K and $90K

Why Coinbase Is Pulling These Perpetual Contracts

Coinbase Markets shared its reasoning behind the decision. The exchange pointed to liquidity and market-quality standards as the driving force. 

Contracts that fail to meet these benchmarks on a consistent basis will no longer remain on the platform. This move reflects a broader effort to keep its derivatives market competitive and reliable.

By cutting underperforming contracts, Coinbase aims to protect price integrity for remaining listings. Deeper liquidity and better trading conditions become possible when low-volume contracts stop diluting attention and resources. The exchange made clear this is part of an ongoing review process, not a one-time action.

Looking ahead, Coinbase Markets hinted at faster listing timelines for new perpetual futures. The exchange said it plans to streamline internal processes over the coming months. 

It also intends to use advanced evaluation frameworks to bring higher-quality derivatives to market more quickly. The focus shifts toward products that traders actually use rather than maintaining a large but thinly traded lineup.

This signals a shift in strategy for the platform’s derivatives arm. Fewer but stronger products appear to be the new direction for Coinbase Advanced and Coinbase International Exchange going forward.

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