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Coinbase suspends 25 perpetual futures trading and completes automatic settlement
BlockBeats News, April 21 — According to official sources, Coinbase has suspended 25 perpetual futures contracts as previously announced. The related open positions have been automatically settled at the final settlement price, including: TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, BIGTIME, and other contracts. The final settlement price is calculated based on the average index price 60 minutes before trading was halted.
Coinbase stated that this move aims to focus on products that continuously meet liquidity and market quality standards, and will accelerate the launch of new perpetual futures through internal process optimization.