Coinbase International Exchange will enhance its offerings by supporting Polkadot, Internet Computer, and NEAR Protocol futures.
Starting on or after 10 a.m. UTC on Feb. 22, the DOT-PERP, ICP-PERP, and NEAR-PERP markets will become accessible, diversifying trading options.
This move comes amidst a notable increase in ether derivatives trading activity, with CoinGlass reporting over $10.1 billion in cumulative open interest for ETH futures.
Similarly, Derebit observed a record high in ether perpetual futures contracts open interest, surpassing $690 million.
Perpetual contracts, known for their absence of an expiration date, enable traders to sustain positions indefinitely, offering a dynamic trading environment.
The surge in open interest and the uptick in the funding rate for ether perpetual futures from 0.00045% to 0.035% since the beginning of February reflects growing trader optimism and a bullish market outlook.