2024

Silver

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Stellar

<h4><strong><a href="https://www.coinbase.com/es-es/" target="_blank" rel="noopener noreferrer nofollow">Coinbase Derivatives</a> recently launched a product that offers a more diverse and inclusive market for traders. </strong></h4>
<p>Last week, the exchange <a href="https://www.coinbase.com/es-es/blog/announcing-the-launch-of-silver-and-stellar-futures-from-coinbase-derivatives" target="_blank" rel="noopener noreferrer nofollow">launched</a> futures contracts for Silver (SLR) and Stellar (XLM).</p>
<h5><strong>Silver and Stellar: New Trading Options on Coinbase</strong></h5>
<p>What does this launch mean for traders? First, it means anyone can now access more options regardless of their experience level. Thankfully, Coinbase claims these are set in retail-friendly sizes—50 troy ounces for Silver and 5,000 tokens for Stellar. This means there’s room for broader market participation.</p>
<p>Coinbase has long expressed its <a href="https://www.altcoinbuzz.io/cryptocurrency-news/visa-partners-with-coinbase-for-real-time-cash-outs/" target="_blank" rel="noopener noreferrer nofollow">ambitions</a> to blend regular assets like silver with digital assets. Why silver? Like gold, silver is a good hedge. Silver launches on the Coinbase Derivatives platform with its reputation as a long-standing investment option.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Excited to announce that Coinbase Derivatives is expanding our suite of CFTC-regulated futures. Get ready for silver and Stellar contracts launching November 11, 2024.</p>
 <p>Read more ↓<a href="https://t.co/ifOp76cbAh" rel="noopener noreferrer nofollow">https://t.co/ifOp76cbAh</a> <a href="https://t.co/NxtpvWTunH" rel="noopener noreferrer nofollow">pic.twitter.com/NxtpvWTunH</a></p>
 <p>— Coinbase Institutional <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CoinbaseInsto) <a href="https://twitter.com/CoinbaseInsto/status/1851976993652326447?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 31, 2024</a></p>
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<p>Similarly, <a href="https://stellar.org/" target="_blank" rel="noopener noreferrer nofollow">Stellar</a> has a reputation for being a cheap and reliable alternative for international transactions. By merging both types of assets in its offerings, Coinbase hopes to attract a diverse range of traders interested in managing risk while exploring new investment strategies.</p>
<p>Coinbase says that the primary goal with these futures is to support price discovery and enhance risk management options for traders. Offering a mix of commodities and cryptocurrencies in futures should likely create a well-rounded trading environment, giving users tools to hedge against potential market swings.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Asset listings on Coinbase are free – drop us a note through our Asset Hub and we’ll see if we can help<a href="https://t.co/Weoa8MhLeq" rel="noopener noreferrer nofollow">https://t.co/Weoa8MhLeq</a></p>
 <p>And yes, DEXes are also a great option (which we support in our products). <a href="https://t.co/cjp0Avu4uC" rel="noopener noreferrer nofollow">https://t.co/cjp0Avu4uC</a></p>
 <p>— Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1852768096056139922?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 2, 2024</a></p>
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<h5><strong>Controversy Over Coinbase’s Token Listing Fees</strong></h5>
<p>This new product launch from Coinbase comes amid controversy surrounding its fees for token listings. Justin Sun, the founder of Tron, recently claimed on social media that Coinbase asked for $330 million in total fees to list <a href="https://www.coingecko.com/en/coins/tron" target="_blank" rel="noopener noreferrer nofollow">Tron (TRX)</a>.</p>
<p>While there is no proof of this, Sun’s claims sparked conversations about Coinbase’s claims of offering free listings. Sun, in a tweet, claimed the crypto exchange demanded a 500 million TRX deposit, worth around $80 million, along with an additional $250 million in Bitcoin to be held in Coinbase custody.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Binance charged us $0.</p>
 <p>Coinbase has asked us for; $300m, $50m, $30m, and more recently $60m.</p>
 <p>Lots of respect. But this is simply not true.</p>
 <p>— Andre Cronje (@AndreCronjeTech) <a href="https://twitter.com/AndreCronjeTech/status/1853035845999018291?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 3, 2024</a></p>
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<p>Others like Fantom’s Andre Cronje raised similar concerns. Cronje claimed that Coinbase proposed a range of listing fees for Fantom, from $30 million to $300 million at various points.</p>
<p>These claims could lead to a massive exodus from centralized platforms like Binance and Coinbase to decentralized platforms. Interestingly, decentralized platforms have recorded higher volumes in recent months, hinting at what could be a trend.</p>
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<h5><strong>Disclaimer</strong></h5>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/coinbase-derivatives-launches-silver-and-stellar-futures/" rel="noopener noreferrer nofollow">Coinbase Derivatives Launches Silver and Stellar Futures</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Coinbase Derivatives Launches Silver and Stellar Futures

Altcoin Buzz

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