Market News

Coinbase Expands 24/7 Trading to Bitcoin Cash, Dogecoin, and Other Altcoins

Coinbase is set to enhance its trading offerings by introducing 24/7 futures trading for various altcoins, including Bitcoin Cash and Dogecoin, starting December 5.

This new feature reflects growing demand for around-the-clock access to cryptocurrency markets, especially for altcoins.

The rollout will complement Coinbase’s existing 24/7 futures for Bitcoin and Ethereum, providing a seamless trading experience for users.

Coinbase is also planning to launch U.S. perpetual-style futures tied to this basket of altcoins, which will function similarly to existing perpetual swaps.

The liquidity landscape for non-Bitcoin and non-Ethereum futures remains mostly offshore, particularly with platforms like Binance and Bybit dominating the scene.

Coinbase's expanded offerings aim to draw traders seeking a regulated U.S. alternative, especially as offshore operations face increasing scrutiny.

Analysts note that Bitcoin Cash has shown signs of resilience, recently bouncing above $530 while facing key resistance around $535 to $550.

Active buying from large holders has been observed, indicating market confidence amidst volatility.

The trading patterns for Bitcoin Cash suggest potential upward movement if resistance levels can be breached, capturing trader attention.

As Coinbase continues to innovate, the expansion into 24/7 trading of popular altcoins is likely to reshape how traders engage with the crypto market.