Coinbase has announced that it will suspend futures trading for three altcoins.
According to the company’s announcement, $tria-PERP, $NEO-PERP, and $IMX-PERP trading will be suspended around 13:00 UTC (16:00 UTC+3) on June 4th.
It is stated that all open positions on the exchange will be automatically closed upon trading suspension. The final settlement price will be calculated based on the average index price for the 60 minutes prior to the suspension of trading.
Coinbase also announced that it will set the funding rate to zero for the last funding period before final settlement.
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All altcoins in question except Neo ($NEO) is already being traded on the Coinbase spot market. $NEO An altcoin that was once affectionately known as “Chinese Ethereum.” However, its price is currently trading 98% below its all-time high of $196, set in 2018.
nevertheless $tria Although it is a relatively new altcoin, $IMXanother delisted altcoin, was one of the fastest growing altcoins during the 2021 DeFi bull market.
*This is not investment advice.
