Coinbase, a leading crypto exchange, has announced support for two prominent altcoins amid the current market conditions.
The exchange is set to list Immutable (IMX) and Flow (FLOW) Perpetual Futures, a move that many in the crypto community believe could boost market sentiment.
Coinbase International Exchange revealed that both IMX and FLOW would receive perpetual futures listings on both its International and Advanced platforms. In a post on X (formerly Twitter) on September 5, the company shared that the IMX-PERP and FLOW-PERP markets would go live on September 12, sparking anticipation among users.
This development comes as crypto platforms work to expand investment options for users. The recent growth in decentralized finance (DeFi) investments has driven demand for new market products. By including Immutable and Flow, Coinbase aims to contribute to the derivatives market while addressing the needs of its global user base.
Moves by top exchanges like Coinbase often influence the market due to the increased visibility and volume available to listed tokens. For altcoins, such listings can boost legitimacy and momentum.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.
Raoul Pal, CEO of Real Vision and prominent macro analyst, has identified a layer-1 blockchain that he believes could rise to dominance in the crypto space.
A cryptocurrency trader turned an $800 investment into $400,000 in just one week by trading the meme coin Moo Deng (MOODENG).
Ripple, a prominent fintech company known for its ongoing innovations and partnerships, has struggled to reflect its growth in the price of its cryptocurrency, XRP, over the past seven years.