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Coinbase to Launch Somnia and 0G Perpetual Futures on October 9

Coinbase confirmed that trading for SOMI-PERP and 0G-PERP is now live on Coinbase International Exchange and Coinbase Advanced, offering a full range of order types for users.

Summary

Coinbase announced the official launch of SOMI-PERP and 0G-PERP perpetual futures markets on Coinbase International Exchange and Coinbase Advanced. According to the company’s official statement, trading is now fully available with support for limit, market, stop, and stop-limit orders. This marks the transition from the previously scheduled launch phase to full availability for eligible users in supported regions.

Terms & Concepts
  • Perpetual Futures: A type of futures contract with no expiry date, allowing traders to hold positions indefinitely with periodic funding rate adjustments.
  • Coinbase International Exchange: Coinbase’s global trading platform that provides derivatives and advanced trading products for institutional and retail clients.
  • Stop-Limit Order: An order type combining stop and limit features, triggering a limit order once a specified stop price is reached.