NewsletterCoinbase to List JUP, TNSR, JTO Perpetual Futures
Highlights
- Coinbase to list JUP, TNSR, and JTO perpetual futures starting May 16, 2024, broadening its altcoin derivatives market.
- Following the successful listing of AR, HBAR, and THETA futures, Coinbase continues expanding altcoin trading options.
- JUP gained 5.35%, TNSR 3.6%, while JTO dipped 3.09% in price as traders anticipate new Coinbase futures listings
Coinbase International, the global futures trading platform of the largest U.S. cryptocurrency exchange, has announced plans to list three new altcoins in perpetual futures contracts.
Jupiter (JUP), Tensor (TNSR), and Jito (JTO) perpetual futures will become available for trading on Coinbase International Exchange and Coinbase Advanced starting on or after 09:30 UTC on May 16, 2024.
Coinbase New Perpetual Futures Contracts
These new futures contracts reflect Coinbase’s strategic effort to provide a diversified trading experience for cryptocurrency enthusiasts and institutional investors. Limit, market, stop, and stop limit order types will be available to traders on Coinbase’s futures platform, allowing control over positions.
The JTO-PERP, JUP-PERP, and TNSR-PERP market launches are anticipated to offer opportunities for speculators and hedgers in various assets.
@CoinbaseIntExch will add support for @JupiterExchange $JUP, @tensor_hq $TNSR, and @jito_sol $JTO perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of JTO-PERP, JUP-PERP, and TNSR-PERP markets will begin on or after 9:30am UTC on 16 MAY 2024. pic.twitter.com/7O7bDWCUsS
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) May 9, 2024
The above listing, however, follows recent additions by Coinbase International. The perpetual futures for AR-PERP, HBAR-PERP, and THETA-PERP are now live and offer complete order types and trading strategies.
At the same time, AEVO-PERP, ENA-PERP, and ETHFI-PERP markets were added on Coinbase International Exchange and Coinbase Advanced, providing more sophisticated trading opportunities for their communities.
The extension of Coinbase to these new altcoins happens within the general effort to support creative crypto projects. This is consistent with the exchange’s objectives to be at the forefront of cryptocurrency’s futures and the options landscape, offering products that will cater to modern traders’ varied interests and requirements.
JUP, JITO, TNSR Price Trend
The news of these new listings has gained traders’ interest, livening up the trading activities of the listed altcoins. Jupiter (JUP), currently priced at $1.09, reported a 5.35% gain in the last 24 hours, backed by a trading volume exceeding $132 million. Its strong performance positions JUP at #62 in the CoinMarketCap rankings, with a market cap surpassing $1.47 billion.
JUP/USD 24-hour price chart (source: CoinMarketCap)
Meanwhile, Jito (JTO) experienced a 3.09% dip in its trading price, standing at $3.83, with a 24-hour volume exceeding $197 million. The altcoin holds a CoinMarketCap ranking of #141 with a market cap of over $465 million.
TNSR/USD 24-hour price chart (source: CoinMarketCap)
In contrast, Tensor (TNSR) reported a positive 3.60% price movement, trading at $0.812191, with a daily volume of over $59 million. The current CoinMarketCap ranking of TNSR is 439, with a market cap of over $101 million.
Also Read:
- WisdomTree Prime Debuts Crypto Trading Amid Internal Wrangling
- Ripple CLO Hails Bipartisan Pushback on SEC’s Anti-Crypto Rules
- 2 Crypto To Buy On The Cusp Of Turning $100 Into $10,000 In May
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