Coinbase, the popular cryptocurrency exchange, has announced that it will be adding support for futures contracts of two major altcoins, Solana (SOL) and Avalanche (AVAX). The futures support will be available on Coinbase International Exchange and Coinbase Advanced. The launch of the SOL-PERP and AVAX-PERP markets is scheduled for November 14, pending sufficient liquidity. Perpetual futures contracts allow traders to speculate on the price movements of the underlying assets indefinitely. Coinbase Advanced previously launched perpetual futures trading for Bitcoin, Ethereum, Litecoin, and Ripple. The contracts offer leverage of up to 5x and are settled in USD Coin. However, perpetual futures trading on Coinbase Advanced is only available to users in specific non-US regions due to local regulations. The demand for perpetual futures contracts in the crypto market has been increasing, with Binance capturing the highest volume followed by OKX exchange. The popularity of perpetuals, as they are called, is attributed to their non-expiring nature and simplicity.
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