Coinbase International Exchange and Coinbase Advanced will introduce support for BNB perpetual futures starting next week.

This development marks a significant expansion of Coinbase’s derivatives offerings. The BNB-PERP market will launch on or after 9:30 AM UTC on April 3, 2025.

Coinbase Will Support BNB Perpetual Contracts

In an official statement, Coinbase International Exchange confirmed the move and revealed plans to add support for BNB perpetual futures starting next week.

“We will add support for BNB perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our BNB-PERP market will begin on or after 9:30 am UTC 3 APRIL 2025,” read the announcement.

Coinbase Traders, the official account for advanced trading on the platform, echoed the announcement in a post on X (Twitter). Introducing BNB perpetual futures on Coinbase’s international platforms presents new opportunities for traders.

For Coinbase users, this means access to perpetual futures contracts, a type of derivative that does not have an expiration date. It allows traders to hold positions indefinitely. The feature will be available on Coinbase International Exchange, catering to non-US users, and Coinbase Advanced, which is tailored for experienced traders.

This move strengthens Coinbase’s derivatives market and positions the exchange as a competitor to Binance, which already supports BNB futures. Expanding its futures offerings allows Coinbase to attract more traders looking for diversified investment opportunities.

For BNB users, the listing on a major global exchange like Coinbase International expands market reach and trading opportunities. This increased exposure could influence BNB’s market value due to heightened demand and trading volume.

Changpeng Zhao’s Reaction Sparks Criticism

For BNB, listing on a prominent exchange like Coinbase enhances its accessibility and credibility. This increased availability could boost adoption, though traders should remain cautious of speculative price movements and volatility surrounding the launch. Binance founder Changpeng Zhao (CZ) commented on the development.

“No one applied for this. Focus on building. Listing comes naturally. BNB,” CZ chimed.

His remark suggests the strength of the Binance ecosystem, rather than direct listing applications, drives BNB’s growth and adoption.

Market sentiment remains mixed, with some traders expressing optimism about BNB’s future. Meanwhile, others challenge Coinbase’s “natural listing” of BNB perpetual futures, questioning the transparency and fairness of the selection process.

“Listing comes naturally? Doors that open naturally are often already open for some and locked for others. If there’s no application, who decides who gets “naturally” listed? True decentralization isn’t about not knocking — it’s about removing the doorman,” one user remarked.

This critique aligns with broader blockchain debates on true decentralization, which is expected to reduce trust and control disparities, not create new gatekeepers.

Nevertheless, with perpetual futures, leverage opportunities become a key factor. BNB traders on Coinbase can control larger positions with less capital. Notably, while leverage can amplify potential gains, it also increases the risk of significant losses.

Meanwhile, BeInCrypto data shows BNB was trading for $628.40 as of this writing, down by almost 2% in the last 24 hours. The listing is also expected to increase liquidity and volatility for BNB, particularly around the launch date.

SUI has shown signs of recovery, and the crypto token’s price is trading at $2.65, which is just below the crucial resistance level of $2.77. This resistance stands as the last hurdle before the altcoin can reach the $3.00 mark.

Supported by improved market conditions and trader sentiment, SUI has been gaining momentum recently.

SUI Traders Are Optimistic

SUI’s Open Interest has surged by $273 million over the past week, increasing by 50%. The current Open Interest now stands at $825 million, signaling strong confidence. This rise in Open Interest indicates that more traders are actively participating in the market, and many are optimistic about the altcoin’s future prospects.

The positive funding rate also reinforces this sentiment, suggesting that long contracts dominate the market. With a majority of traders betting on upward movement, the market sentiment remains bullish for SUI.

Despite the recent formation of a Death Cross nine days ago, the macro momentum for SUI remains strong. A Death Cross, where the 50-day EMA crosses below the 200-day EMA, is typically a bearish signal, often indicating a potential price decline. 

However, given the improving market conditions and strong investor support, the expected bearish decline may not materialize as strongly as it traditionally would. SUI’s price action suggests that the Death Cross may fade quickly, as it does not align with the current market environment.

SUI Price Is In For A Rise

SUI is currently trading at $2.65, just below the key resistance level of $2.77. Breaching this barrier could trigger a rally toward $3.00. If the altcoin successfully breaks above $2.77, it will likely continue its path toward $3.00, marking a strong recovery and potential for further growth.

Given the increasing market confidence and the positive Open Interest, SUI could aim to breach the next critical resistance at $3.18. Achieving this would help recover recent losses and potentially send SUI to new highs. A breakthrough $3.18 would indicate that the altcoin is poised for a significant rally.

However, if SUI fails to maintain its upward momentum and falls back to the support of $2.47, it could be vulnerable to further declines. A drop below $2.47 would likely strengthen the bearish implications of the Death Cross. This could potentially push the price down to $2.22 or lower, delaying recovery.

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