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Coinbase Suspends 25 Perpetual Futures Trading and Completes Automatic Settlement
On April 21, according to official news, Coinbase has suspended 25 perpetual futures trading as previously announced. The related open positions have been automatically settled at the final settlement price, including contracts such as TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, and BIGTIME. The final settlement price is calculated based on the average index price over the 60 minutes prior to the suspension of trading. Coinbase stated that this move aims to focus on continuously meeting liquidity and market quality standards for its products and will accelerate the launch of new perpetual futures by optimizing internal processes.