Coinbase Adds BNB, HYPE, PAXG and USDT as Perpetual Futures Collateral
The exchange said the four tokens can now be used as collateral for perpetual futures (crypto derivatives without expiry), expanding margin options for traders.
USDT
BNB
HYPE
Summary
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Terms & Concepts
Perpetual futures: Crypto derivatives contracts with no expiration date, typically using margin and funding payments to track spot prices.
Collateral: Assets pledged to support leveraged trading positions and help cover potential losses if the market moves against a trader.
PAXG: A tokenized gold asset designed to track physical gold ownership on blockchain rails.