Major Exchange Listing to Propel Top Altcoins to Surge in the Upcoming Week
Coinbase Makes Strategic Move to Introduce BLUR, SEI, and UNI Perpetual Futures Contracts for Global Crypto Trading
Coinbase, the popular cryptocurrency exchange, is set to introduce perpetual futures contracts for three new cryptocurrencies: Blur (BLUR), Sei (SEI), and Uniswap (UNI). This move is expected to generate significant market excitement and open up new trading strategies for institutional clients, providing them with direct access to these crypto assets on a global scale.
Coinbase International Exchange recently announced on Twitter that it will be adding support for perpetual future contracts for BLUR, SEI, and UNI on its platform. The markets for BLUR-PERP, SEI-PERP, and UNI-PERP are scheduled to open on or after 10am UTC on March 14, 2024.
Starting from March 14, 2024, users will be able to actively participate in these contracts on Coinbase International Exchange and Coinbase Advanced. More details about the full-trading mode for these markets will be revealed on the listing date.
Following the success of previous listings like Polkadot, Internet Computer, and NEAR Protocol, there is anticipation for potential price surges in BLUR, SEI, and UNI. NEAR, for example, experienced a significant 30% rally after its listing on February 22. Considering the current market sentiment and Coinbase’s move, it is likely that these assets will see notable gains.
Among the newly listed assets, BLUR has already seen a 4% increase in the last 24 hours, trading at $0.696. It is considered one of the top altcoins attracting smart money, as indicated by Nansen’s data.
SEI, on the other hand, has shown strong momentum with a 14% increase and a trading volume spike of 80%. It is currently valued at $0.9174. Additionally, SEI has unveiled a v2 upgrade that supports both CosmWasm and the EVM simultaneously, improving its efficiency in terms of time to finality and transaction processing.
UNI, meanwhile, is going through a consolidation phase after a remarkable 40% rally last week. It is currently priced at $15. The recent surge in the price of UNI aligns with the Uniswap Foundation’s governance proposal, which suggests potential distributions of protocol revenues among token holders.
As BLUR, SEI, and UNI find their place on Coinbase International Exchange, traders and investors are eagerly awaiting the market’s response. This move opens up exciting opportunities on the horizon, and the crypto community is bracing itself for potential price movements as these cryptocurrencies enter a new chapter.