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Coinbase International to List ZEN, UMA, and GMX Perpetual Futures

Coinbase International Exchange temporarily halted trading on its newly launched ZEN, UMA, and GMX perpetual futures, with order placement and cancellation still available during the pause.

Summary

Coinbase International Exchange placed ZEN-PERP, UMA-PERP, and GMX-PERP perpetual futures markets in halt mode. While users can continue to place and cancel orders, trade execution has been paused for at least one minute. The move affects the newly launched contracts across Coinbase International Exchange and Coinbase Advanced.

Terms & Concepts
  • Perpetual Futures (PERP): A type of derivative contract that allows traders to speculate on the price of an asset without an expiration date.
  • Coinbase International Exchange: A global branch of Coinbase focused on serving international markets, offering advanced trading products including perpetual futures.
  • ZEN-PERP, UMA-PERP, GMX-PERP: Perpetual futures contracts tied to Horizen (ZEN), UMA, and GMX, introduced by Coinbase International Exchange.