- Pre-launch markets for unreleased digital assets are introduced by Coinbase.
- pre-launch markets available to a select group of international institutional and individual traders.
Pre-launch trading on Coinbase allows wagers on digital assets that are not listed. It allows for leverage positions up to two times and is accessible to certain institutional and qualified retail traders.
Institutional and individual traders can now wager on digital assets that have not yet been released thanks to Coinbase. Pre-launch markets is a feature that the exchange’s foreign branch has added in a creative way.
Overview of Coinbase’s Pre-launch Trading Function
Through the sale or purchase of perpetual futures contracts for tokens that are not listed on spot exchanges, pre-listing markets allow traders to wager on the post-listing token pricing.
Some of Coinbase International Exchange’s institutional users can access pre-launch markets. For qualified retail traders, Coinbase Advanced is accessible; however, this isn’t available in the US, Canada, or the UK.
The news that Coinbase will offer pre-launch markets on Coinbase International Exchange and Coinbase Advanced has the company ecstatic. The startup wants to give traders access to a reliable and secure platform where they may engage in price discovery for projects that haven’t launched yet.
How to Use Coinbase Advanced for Pre-launch Trading Procedures
Eligible traders may open long or short trades with up to two times leverage on any unreleased token. Institutional users can access pre-launch markets via Coinbase International Exchange, while retail traders who fulfill the required requirements can use Coinbase Advanced.
Go to coinbase.com or the Coinbase mobile app, select “Advanced” from the menu, and log in to access Coinbase Advanced. The exchange advises customers to make sure their mobile app is up to date with the most recent version for the optimal experience.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
