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Cryptocurrency News Articles
Coinbase to Launch AERO, BEAM and DRIFT Perpetual Contracts
Jan 10, 2025 at 12:44 am
Coinbase, the leading cryptocurrency exchange, announced on Friday that it will launch futures trading for Aerodrome Finance (AERO), Beam (BEAM) and Drift (DRIFT) on its platform.
Coinbase to Launch Perpetual Contracts for AERO, BEAM and DRIFT!
As you have been following on Kriptokoin.com, crypto exchanges continue to expand their lists. Coinbase, the leading cryptocurrency exchange, announced that it will add 3 new tokens to its list in the futures market. In this context, the exchange announced that Coinbase Pro and Coinbase Advanced will add support for Aerodrome Finance, Beam and Drift perpetual futures. The exchange will open the AERO-PERP, BEAM-PERP and DRIFT-PERP markets on January 16, 2025 at 12:30 p.m. ET or later.
Coinbase, "Coinbase Int Exch, Coinbase International Exchange and Coinbase Advanced will add support for Aerodrome Finance, Beam and Drift perpetual futures on Coinbase Int Exch. Our AERO-PERP, BEAM-PERP and DRIFT-PERP markets will open on or after January 16, 2025 at 12:30 PM ET." made the statement.
Altcoin price reaction to the listing
After this development, token prices started to rise from low levels. AERO price rose to $1.244 from $1.14, where it fell during the day. Thus, the token recovered some of its losses during the day. At the time of writing, AERO was trading at $1.24, down 3.43% on a daily basis. Meanwhile, the token's trading volume saw a significant increase of 68% during the day. This reflects the interest of investors and traders in the token.
DRIFT price also rose from $1.12 to $1.19, where it fell during the day. Thus, the token recovered some of its losses during the day. At the time of writing, DRIFT was trading at $1.18, down 5.66% on a daily basis. Meanwhile, the token's trading volume fell 23% on the day. This indicates that investors and traders are losing interest in the token.
BEAM price also rose to $0.0237 from $0.022, where it fell during the day. Thus, the token recovered some of its losses during the day. At the time of writing, BEAM was trading at $0.02351, down 1.61% on a daily basis. Meanwhile, the token's trading volume increased by 7% on the day. This indicates that investors and traders are starting to show interest in the token.
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