Coinbase to Launch Binance Coin Perpetual Futures Trading on April 3
Coinbase Global Inc plans to launch Binance Coin (BNB) perpetual futures trading on Coinbase International Exchange and Coinbase Advanced starting April 3, 2025, at 9:30 AM UTC. This move expands Coinbase's derivatives market and enhances competition with Binance, which already offers BNB futures.
Key points include:
- The BNB-PERP market will allow traders to speculate on price movements without owning the asset, using leverage for larger positions.
- Increased accessibility through Coinbase may attract more investors to BNB, potentially raising trading volumes and prices.
- Market impact on BNB's price remains uncertain, influenced by overall market conditions and investor sentiment.
- Some traders anticipate that the listing could increase BNB's price, while others caution about potential volatility due to leveraged trading.
- Changpeng Zhao of Binance stated that BNB's growth occurs naturally, independent of exchange listings, prompting community discussions on token listing dynamics.
As of now, BNB is priced at $630.39, with a slight increase of nearly 1% over the last 24 hours.