{"id":32612,"date":"2024-06-18T07:13:44","date_gmt":"2024-06-18T07:13:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-international-introduces-pre-launch-markets-for-crypto-projects\/"},"modified":"2024-06-18T07:13:44","modified_gmt":"2024-06-18T07:13:44","slug":"coinbase-international-introduces-pre-launch-markets-for-crypto-projects","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-international-introduces-pre-launch-markets-for-crypto-projects\/","title":{"rendered":"Coinbase International Introduces Pre-Launch Markets for Crypto Projects"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Coinbase International is following in the footsteps of centralized exchanges such as Binance, Bybit, Bitget, and OKX by creating a launchpad for emerging crypto projects.<\/p>\n

On June 17, Coinbase revealed its new feature: \u201cPre-launch markets allow users to trade perpetual futures contracts on tokens that have not launched yet,\u201d<\/em> adding, \u201cWhen the underlying token is launched on applicable spot exchanges, the instrument converts to a standard perpetual contract.\u201d<\/em><\/p>\n

This feature will be available to institutional investors through Coinbase International and to retail traders via Coinbase Advanced. Pre-launch market assets have an initial margin cap of 50%, or 2x leverage, and a notional position limit of $50,000 per token.<\/p>\n

Unique Mechanisms and Risks<\/h2>\n

Unlike traditional standard futures, \u201cPre-launch markets have a different index price mechanism than standard perpetual futures and use a 4-hour exponential moving average (EMA) of the instrument\u2019s mark prices for the Pre-Launch Index Price.\u201d<\/em><\/p>\n

Coinbase also warned about the high-risk nature of pre-launch markets, stating that they \u201care more prone to lower liquidity, higher volatility and increased liquidation risk.\u201d Additionally, pre-launch instruments are not supported by the exchange\u2019s Liquidity Support Program, which increases the risk of auto-liquidation.<\/p>\n

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There is also the possibility that pre-launch tokens may never make it to the full listing process. Coinbase International explained, \u201cThere is a risk \u2014 outside of Coinbase\u2019s control \u2014 that the underlying token may never launch. If such a determination was made, the pre-launch market would not be able to convert into a standard perpetual futures market, and the market may need to be suspended and\/or delisted.\u201d<\/em><\/p>\n

Launched in May 2023, Coinbase International is the overseas arm of the U.S.-based exchange. The platform holds a Class F license from the Bermuda Monetary Authority, enabling it to operate in a regulatory-friendly environment and offer innovative products like the pre-launch markets.<\/p>\n

Coinbase\u2019s new feature aims to provide institutional and advanced retail traders with early access to promising crypto projects, despite the inherent risks.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Coinbase International is following in the footsteps of centralized exchanges such as Binance, Bybit, Bitget, and OKX by creating a launchpad for emerging crypto projects. On June 17, Coinbase revealed its new feature: \u201cPre-launch markets allow users to trade perpetual futures contracts on tokens that have […]<\/p>\n","protected":false},"author":35,"featured_media":32613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32612"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32612"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32613"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}