Coinbase Launches 24/7 Stock Perpetual Futures With 20x Leverage, $200K Rewards
Key Takeaways:24/7 Access to U.S. Stocks via Crypto RailsReact to news as it happens, not when the exchange opens.Leverage, Margin, and Trading MechanicsBuilt on Crypto Derivatives InfrastructureCompeting With DeFi and Expanding Product ScopeIncentives: $200K Reward Pool and Fee Discounts
Coinbase created a pool of rewards of $200,000 in USDC to acquire early users. The traders must trade $1 million at least in the campaign to receive a reward. The bonuses are awarded regarding the volume of trade completed and the highest bonus is worth $10,000 per individual.
During the first week, Coinbase will provide a 3x volume boost thereby enabling individuals to earn more at a rate. Meanwhile, the commission is reduced to 0% and 0.01% to makers and takers respectively, which makes it more affordable to active traders. Not all places are allowed, among other places being the U.S., U.K., Singapore, India, and Australia.
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