Coinbase will suspend trading for 24 perpetual futures contracts on March 16 at approximately 13:00 UTC, as part of its ongoing efforts to enhance the quality of its derivatives markets. This suspension, which includes contracts like MET-PERP and SUSHI-PERP, is aimed at maintaining liquidity and price integrity, as the exchange regularly assesses its listings to ensure they meet established standards. Any remaining open positions will be automatically settled based on the average index price over the hour preceding the suspension, with funding rates set to zero for the final funding period. In the coming months, Coinbase plans to streamline its processes to introduce new and high-quality perpetual futures markets more efficiently.
Coinbase suspends trading for 25 perpetual futures on March 16
