Coinbase International to Launch Futures Trading for New Altcoin

The biggest cryptocurrency exchange in the U.S. is continuing their listing spree with yet another addition to their offerings.

Coinbase International, the global futures arm of the leading U.S. cryptocurrency exchange, Coinbase, has revealed plans to introduce the altcoin Scroll (SCR) for futures trading.

@CoinbaseIntExch will add support for Scroll perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our SCR-PERP market will begin on or after 12:30 pm UTC 22 OCT 2024. $SCR pic.twitter.com/Kg59hGtaCI

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) October 22, 2024

This follows a similar move by Binance, which had also recently added Scroll to its listings.

Scroll serves as a Layer 2 scaling solution for Ethereum, utilizing Zero Knowledge (ZK) proof technology to boost the network’s scalability.

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This project is designed to enhance Ethereum’s performance while keeping the development environment user-friendly for programmers.

By implementing ZK proofs, Scroll enables off-chain transaction execution to be validated on-chain efficiently, minimizing computational demands and lowering transaction costs while improving transaction speed.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.