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Coinbase to Suspend Several Perpetual Futures Contracts on February 20

Coinbase will suspend multiple perpetual futures contracts on February 20 to streamline operations and enhance market efficiency, with automatic settlement for open positions.

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Summary

Coinbase announced that it will suspend several perpetual futures contracts, including EDGE-PERP and FLOW-PERP, at 13:00 UTC on February 20. All open positions will be automatically settled based on the average index price from the preceding 60 minutes, with funding rates set to zero prior to settlement. The decision is part of the company’s ongoing efforts to improve market liquidity and simplify its product offerings.

Terms & Concepts
  • Perpetual Contract: A type of futures contract in cryptocurrency markets that has no expiry date and is settled continuously.
  • Liquidity: The ease with which assets can be bought or sold in a market without causing significant price changes.
  • Coinbase International Exchange: A global trading platform operated by Coinbase, offering spot and derivatives trading for institutional and retail crypto traders.