As reported by Coinbase on its website, from now on customers of Coinbase Advanced, a service for professional traders, in jurisdictions outside the US can trade Bitcoin, Ether, Litecoin and XRP perpetual futures combined with USDC.
Initially, the contracts offer up to 5x leverage (up to 3x for XRP). The platform has promised to add more available assets in the coming months.
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Traders will initially enjoy a reduced fee which will be 0% for makers and 0.03% for takers.
Coinbase has reported about 75% of crypto asset trading comes from derivatives markets.
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Coinbase Advanced offers an advanced set of tools, including detailed order types, TradingView charts and APIs for trading automation.