Coinbase Suspends 25 Perpetual Contracts and Auto-Settles Open Positions

According to Coinbase’s official announcement, the exchange is delisting 25 perpetual futures pairs to keep its derivatives lineup aligned with liquidity and market quality standards.

Summary

Coinbase said it is delisting 25 perpetual futures pairs, including MET-PERP, SUSHI-PERP, GMX-PERP, MINA-PERP, and ARKM-PERP. According to the official announcement, the exchange stated the move is intended to keep its derivatives products aligned with liquidity and market quality standards. The update adds the reason for the removals and identifies several affected contracts, expanding on earlier information that Coinbase had suspended trading and auto-settled open positions.

Terms & Concepts
  • Perpetual futures: Crypto derivatives contracts with no expiration date, allowing traders to maintain positions without a fixed settlement date.
  • Derivatives: Financial instruments whose value is based on an underlying asset, such as a cryptocurrency.
  • Liquidity: A measure of how easily an asset or contract can be traded without causing large price changes.