Coinbase Delists MATIC Perpetual Futures on October 1st

Coinbase Delists MATIC Perpetual Futures on October 1st

Coinbase International, the cryptocurrency derivatives trading platform owned by Coinbase, has discontinued trading support for Polygon's (MATIC) perpetual futures on October 1st at 7:30 PM (KST) via X. Accordingly, trading support for MATIC-PERP will be discontinued on both Coinbase International and Coinbase Advanced. This move comes as part of Coinbase's ongoing efforts to maintain a high standard of asset quality on its platform. The exchange regularly reviews its listed assets to ensure they meet its standards for liquidity, trading volume, and overall market health. MATIC has seen a significant decline in trading volume and liquidity in recent months, which may have contributed to Coinbase's decision to delist the asset. Despite this, MATIC remains a popular cryptocurrency with a strong community and a number of promising use cases. It is likely that MATIC will continue to be traded on other exchanges, and it is possible that it may be relisted on Coinbase in the future if it meets the exchange's standards once again. This news comes on the heels of a number of other recent changes to Coinbase's product offerings. In September, the exchange announced that it would be delisting several other cryptocurrencies, including Bitcoin Gold, Bitcoin SV, and Ethereum Classic. The exchange has also been facing regulatory scrutiny in recent months, with the Securities and Exchange Commission (SEC) investigating the company's staking program. Despite these challenges, Coinbase remains one of the most popular cryptocurrency exchanges in the world. The exchange has a strong track record of security and reliability, and it offers a wide range of trading products and services. It is likely that Coinbase will continue to be a major player in the cryptocurrency market for many years to come.