Cryptocurrency Exchanges Increase Alternatives as Bitcoin Price Stabilizes Above $40,000

Cryptocurrency exchanges have been reducing pairs and lowering market maker costs for the last 1.5 years. However, now the situation is reversing. With the price of Bitcoin achieving stability above 40,000 dollars once again, global exchanges wishing to attract more users are increasing alternatives. The latest good news was given by the Coinbase exchange.

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Coinbase had announced its global exchange to diversify its revenue sources and expand its user base. Coinbase Global, which has become operational, also allows for futures trading. Futures trading is an important source of revenue for exchanges, and although delayed, Coinbase has taken a correct step in this direction.

According to the announcement made a while ago, Coinbase Global will open futures trading pairs for OP, ARB, and ETC Coin on December 13. These altcoins, which will achieve more liquidity, may experience a rise in the short and medium term with the support of Coinbase.

Although not as much as the futures listings on the Binance exchange, due to the increasing market share of the Coinbase exchange, the listings here also have the potential to positively affect the price.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware of the high volatility and thus the risk of cryptocurrencies, and should conduct their transactions in accordance with their own research.