Coinbase Mirrors Kraken, Unveiling Perpetual Trading for US Users

Coinbase, a leading cryptocurrency exchange platform, has recently announced the launch of perpetual contract trading for its United States-based clientele. This announcement comes after a similar move by Kraken, signaling a growing trend towards offering more sophisticated trading instruments to American investors. Perpetual contracts enable traders to speculate on the price of an asset without actually owning it, and provide the option of using leverage to amplify potential gains and losses. This expansion represents a significant step for Coinbase in its quest to cater to a diverse range of traders, from novices to experts. The introduction of perpetuals is expected to provide new avenues for US traders to participate in cryptocurrency markets in innovative ways. However, it’s important to note that trading perpetual contracts involves significant risk, and traders should fully understand the risks involved before engaging.