Coinbase International Exchange has announced perpetual futures listing for Polygon (POL) and Dogs (DOGS). The assets will become available for trading on Sept 19 as the frenzy around the coins surges. Crypto users anticipate an increased price rally for both tokens amid the present sentiments.
Crypto exchange Coinbase has listed POL and DOGS perpetual futures sparking sentiments within the crypto community. The perp futures will launch on Coinbase International Exchange and Advance on Sept 19. The platform’s addition of two products to its futures market is in line with its commitment to diversify products to meet global demand.
@CoinbaseIntExch will add support for Polygon and Dogs perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our POL-PERP and DOGS-PERP markets will begin on or after 9:30 am UTC 19 SEP 2024. $POL $DOGS pic.twitter.com/CJDSLlj3kl
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) September 12, 2024
This move gives traders more sophisticated options to manage digital asset risks while attracting advanced participants to the platform. Crypto enthusiasts lauded the development because of the potential market impact. Listings on top exchanges attract bullish sentiments to crypto assets because of the volume and other factors. On the other hand, the platform also benefits due to the massive influx of users backing these tokens.
Recently, the exchange has announced perp futures contracts igniting positive movements within the community. Coinbase listed Immutable (IMX), and FLOW to increase investment in the derivatives markets. This year, decentralized finance (DeFi) has recorded surging participation from the wider market leading to support for several assets.
Both POL and DOGS bulls are projecting an upward trend in price following the Coinbase listing. DOGS continues to catch the attention of crypto traders after a series of positive developments. This week, crypto bulls projected a $0.002 price target after crypto exchange Binance announced a DOGSUSD perpetual contract.
The price surge lost steam due to bearish market sentiments falling 1.25% in the last 24 hours. On the other hand, POL price notched a slight uptick in the same time frame trading at $0.375. The asset’s migration from MATIC to POL has been a major talking point in crypto circles.
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