Coinbase Lists Drift Protocol (DRIFT) for Trading
CryptoNewsTerminal Staff17 May, 2024
Coinbase Lists Drift Protocol (DRIFT) for Trading
Coinbase, the leading cryptocurrency exchange, has announced the listing of Drift Protocol (DRIFT). Trading will begin on May 18th (KST) if liquidity conditions are met. This addition to Coinbase's platform comes after DRIFT was added to Coinbase's listing roadmap. DRIFT is a decentralized derivatives exchange that enables users to trade perpetual contracts with up to 25x leverage. Its native token, DRIFT, is used for governance, staking, and paying trading fees. By listing DRIFT, Coinbase is expanding its offerings in the derivatives market and providing its users with access to a wider range of trading options.
