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Coinbase suspends 25 perpetual futures trades and completes automatic settlement
Deep Tide TechFlow News, April 21 — According to official sources, Coinbase has suspended 25 perpetual futures trading pairs as previously announced, and related open positions have been automatically settled at the final settlement price.
These involve 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, BIGTIME. The final settlement price is calculated based on the average index price over the 60 minutes prior to trading suspension.
Coinbase stated that this move aims to focus on products that continuously meet liquidity and market quality standards, and will accelerate the launch of new perpetual futures through internal process optimization.