Coinbase International to Offer IMX and FLOW Perpetual Futures Trading

Coinbase International to Offer IMX and FLOW Perpetual Futures Trading

Coinbase International Exchange, the cryptocurrency derivatives trading platform owned by Coinbase, announced on Monday that it will list Immutable X (IMX) and Flow (FLOW) perpetual futures. The futures will be available for trading on September 12, 2023, at 6:30 PM KST and will be supported by Coinbase International and Coinbase Advanced. Perpetual futures are a type of financial contract that allows traders to speculate on the future price of an asset without having to take delivery of the underlying asset. They are popular among cryptocurrency traders because they offer leverage, which can amplify both profits and losses. The listing of IMX and FLOW perpetual futures on Coinbase International will give traders more options for speculating on the future price of these two cryptocurrencies. IMX is the native token of the Immutable X platform, a layer-2 scaling solution for NFTs on Ethereum. FLOW is the native token of the Flow blockchain, a high-performance blockchain designed for gaming and other decentralized applications. The addition of IMX and FLOW perpetual futures to Coinbase International's product offering is a sign of the growing interest in cryptocurrency derivatives trading. As the cryptocurrency market matures, we can expect to see more exchanges offering these types of products.