Coinbase To List DOGS And POL Perpetual Futures, Price Rally Ahead?

Coinbase International Exchange has announced perpetual futures listing for Polygon (POL) and Dogs (DOGS). The assets will become available for trading on Sept 19 as the frenzy around the coins surges. Crypto users anticipate an increased price rally for both tokens amid the present sentiments. 

Coinbase List DOGS and POL Perp Futures 

Crypto exchange Coinbase has listed POL and DOGS perpetual futures sparking sentiments within the crypto community. The perp futures will launch on Coinbase International Exchange and Advance on Sept 19. The platform’s addition of two products to its futures market is in line with its commitment to diversify products to meet global demand.

@CoinbaseIntExch will add support for Polygon and Dogs perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our POL-PERP and DOGS-PERP markets will begin on or after 9:30 am UTC 19 SEP 2024. $POL $DOGS pic.twitter.com/CJDSLlj3kl

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) September 12, 2024

This move gives traders more sophisticated options to manage digital asset risks while attracting advanced participants to the platform. Crypto enthusiasts lauded the development because of the potential market impact. Listings on top exchanges attract bullish sentiments to crypto assets because of the volume and other factors. On the other hand, the platform also benefits due to the massive influx of users backing these tokens.

Recently, the exchange has announced perp futures contracts igniting positive movements within the community. Coinbase listed Immutable (IMX), and FLOW to increase investment in the derivatives markets. This year, decentralized finance (DeFi) has recorded surging participation from the wider market leading to support for several assets.

What’s Next For DOGS & POL Prices? 

Both POL and DOGS bulls are projecting an upward trend in price following the Coinbase listing. DOGS continues to catch the attention of crypto traders after a series of positive developments. This week, crypto bulls projected a $0.002 price target after crypto exchange Binance announced a DOGSUSD perpetual contract. 

The price surge lost steam due to bearish market sentiments falling 1.25% in the last 24 hours. On the other hand, POL price notched a slight uptick in the same time frame trading at $0.375. The asset’s migration from MATIC to POL has been a major talking point in crypto circles. 

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David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.