According to the company’s official statement, the SPX-PERP and KAS-PERP trading pairs will begin trading on February 20, 2025 after 12:30 p.m. (PT). This development is considered part of Coinbase’s expansion strategy in the global futures market.

Coinbase’s Strategy for Futures

Coinbase has recently taken steps to increase its presence in the international futures market. Perpetual futures are becoming an important option for many investors in terms of risk management and leveraged trading opportunities, as they offer more flexible trading opportunities compared to the spot market.

New Listing Details:

• SPX-PERP (Spx6900 futures)
• KAS-PERP (Kaspa futures)
• Start Date: February 20, 2025, after 12:30 p.m. (PT)

This move is seen as part of Coinbase’s strategy to increase its competitiveness in the futures space and offer a wider range of products to its users. In particular, the growing institutional interest and rising demand for the futures market indicates that Coinbase may make more listings in this direction.

What is Kaspa (KAS)?

Kaspa (KAS) is an innovative Layer-1 blockchain network that minimizes block times and increases scalability. Kaspa uses the DAG (Directed Acyclic Graph) based GhostDAG protocol, breaking the classic blockchain structure. In this way, unlike Bitcoin and other traditional blockchains, blocks can run in parallel instead of competing with each other, thus increasing transaction speeds without compromising security. The biggest advantage of Kaspa is that it maintains a decentralized structure with faster confirmation times and high scalability.

What is SPX6900 (SPX)?

SPX6900 (SPX) is a digital asset linked to traditional financial markets and is used as a trading instrument for the broader index and futures markets. SPX is often considered a derivative asset that references the S&P 500 and similar major market indices. SPX-PERP offers leveraged trading opportunities for investors, allowing them to speculate and manage risk by taking advantage of price movements. It is a popular option for institutional investors and professional traders and is widely used in hedging strategies against market volatility.

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KAS Coin Price Analysis:

KAS Coin almost doubled its price in just 2 weeks. Its been rising since February 1st and continues its journey. According to TradingView data its currently trading at $0.15 and up more than 10%.

Support level for KAS Coin is $0.12 and resistance is at $0.19.

With Bitcoin exceeding $51,000 and money flowing into the market, altcoins are on the rise. However, a possible bad data in the market may also lead to declines in all cryptocurrencies, especially Bitcoin.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

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Bitcoin has been seeing strong purchases from the $26,552 level for the past two days. However, due to the inability of the price to rise above $27,000, the risk of decline persists. Therefore, it is important for the price to be stable at certain levels for future increases to be positive for the market. Also, the possibility of sharp declines may increase in case of a daily closure below $26,300.

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The Latest Status in Cryptocurrencies – October 13

‣ Bitcoin (BTC) BTC/USD pair is trading at $26,767 with a 0.03% decrease at the time of writing. The resistance levels for BTC are $27,200 – $27,800, and the support levels are $26,500 – $26,260.

‣ Ethereum (ETH) ETH/USDT pair is trading at $1,543 with a 0.22% increase when this article was written. The support levels for ETH are $1,550 – $1,465, and the resistance levels are $1,598 – $1,694.

‣ Near (NEAR) NEAR/USD pair is trading at $0.99 with a 1.33% decrease when this article was written. The support levels for NEAR are $0.422 – $0.389, and the resistance levels are $0.94 – $0.92.

‣ Kaspa (KAS) KAS/USD pair is trading at $0.042 with a 2.61% decrease when this article was written. The support levels for KAS are $0.040 – $0.037, and the resistance levels are $0.043 – $0.046.

‣ Coin98 (C98) C98/USD pair is trading at $0.132 with a 2.38% decrease when this article was written. The support levels for C98 are $0.129 – $0.121, and the resistance levels are $0.138 – $0.143.

In the comment section, you can freely share your comments about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

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