Coinbase to Add Perpetual Futures for New Altcoins

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.

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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.

Alexander Stefanov