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Coinbase to End Omni Network Perpetual Contract Trading on October 21, 2025

Coinbase will suspend Omni Network (OMNI) perpetual futures trading, with all open positions automatically settled using the 60-minute average index before suspension.

Summary

Coinbase will halt Omni Network (OMNI) perpetual futures trading on October 21, 2025, with the final settlement price determined by the 60-minute average index before suspension. Open positions will be auto-settled, and the last funding rate will be zero. Coinbase reserves the right to adjust the settlement price if necessary.

Terms & Concepts
  • Perpetual Contract: A type of derivative that allows traders to speculate on the price of an asset without an expiry date, often using leverage.
  • Settlement Price: The price used to calculate the value of a derivative contract at the time it is closed or expires.
  • Funding Rate: A periodic payment exchanged between buyers and sellers of perpetual contracts to keep the contract price in line with the spot price.