Coinbase to list JUP, TNSR, JTO perpetual futures

Coinbase International, the global futures trading platform of the largest U.S. cryptocurrency exchange, has announced plans to list three new altcoins in perpetual futures contracts.

Jupiter (JUP), Tensor (TNSR), and Jito (JTO) perpetual futures will become available for trading on Coinbase International Exchange and Coinbase Advanced starting on or after 09:30 UTC on May 16, 2024. 

Coinbase New Perpetual Futures Contracts

These new futures contracts reflect Coinbase’s strategic effort to provide a diversified trading experience for cryptocurrency enthusiasts and institutional investors. Limit, market, stop, and stop limit order types will be available to traders on Coinbase’s futures platform, allowing control over positions.

The JTO-PERP, JUP-PERP, and TNSR-PERP market launches are anticipated to offer opportunities for speculators and hedgers in various assets.

The above listing, however, follows recent additions by Coinbase International. The perpetual futures for AR-PERP, HBAR-PERP, and THETA-PERP are now live and offer complete order types and trading strategies.

At the same time, AEVO-PERP, ENA-PERP, and ETHFI-PERP markets were added on Coinbase International Exchange and Coinbase Advanced, providing more sophisticated trading opportunities for their communities.

The extension of Coinbase to these new altcoins happens within the general effort to support creative crypto projects. This is consistent with the exchange’s objectives to be at the forefront of cryptocurrency’s futures and the options landscape, offering products that will cater to modern traders’ varied interests and requirements.

JUP, JITO, TNSR Price Trend

The news of these new listings has gained traders’ interest, livening up the trading activities of the listed altcoins.  Jupiter (JUP), currently priced at $1.09, reported a 5.35% gain in the last 24 hours, backed by a trading volume exceeding $132 million. Its strong performance positions JUP at #62 in the CoinMarketCap rankings, with a market cap surpassing $1.47 billion.

JUP/USD 24-hour price chart (source: CoinMarketCap)

Meanwhile, Jito (JTO) experienced a 3.09% dip in its trading price, standing at $3.83, with a 24-hour volume exceeding $197 million. The altcoin holds a CoinMarketCap ranking of #141 with a market cap of over $465 million.

TNSR/USD 24-hour price chart (source: CoinMarketCap)

In contrast, Tensor (TNSR) reported a positive 3.60% price movement, trading at $0.812191, with a daily volume of over $59 million. The current CoinMarketCap ranking of TNSR is 439, with a market cap of over $101 million.

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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.