Coinbase to List JUP, TNSR, JTO Perpetual Futures

Coinbase to list new perpetual futures for Jupiter (JUP), Tensor (TNSR), and Jito (JTO) on May 16, 2024, broadening its crypto offerings.
Coinbase Earnings: Wall Street Analysts Expect 31% EPS Decline QoQ

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. 

Advertisement
Advertisement

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.

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.

Advertisement
Advertisement

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: 

Advertisement
Kelvin Munene Murithi
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.