Well, folks, hold onto your wallets! Coinbase is about to pull the rug out from under 25 perpetual futures contracts on March 16, affecting tokens like GRT, SUSHI, and ARKM. Talk about a party foul!
In a move that has traders scratching their heads and maybe even their behinds, Coinbase is throwing a wrench in its derivatives space. Theyāve announced plans to suspend trading on 25 perpetual futures contracts. Sounds like a bad magician trick, doesn’t it?
This grand suspension kicks off on March 16 at around 13:00 UTC. That’s right, folks, mark your calendars! The suspension covers both Coinbase Advanced and Coinbase International Exchange. So, if you’re holding open positions on these contracts, now might be a good time to start sweating!
Coinbase Perpetual Futures Getting Suspended on March 16 – The Sequel!
The list of affected contracts is longer than my Uncle Louie’s Thanksgiving speech.
According to Coinbase Markets, the suspended perpetuals include MET-PERP, REZ-PERP, BABY-PERP, SUPER-PERP, SUSHI-PERP, GMX-PERP, ERA-PERP, XAN-PERP, VINE-PERP, T-PERP, YB-PERP, WCT-PERP, HOME-PERP, NOT-PERP, MINA-PERP, CATI-PERP, DOGS-PERP, COW-PERP, GRT-PERP, DRIFT-PERP, COOKIE-PERP, ARKM-PERP, B3-PERP, SXT-PERP, and BB-PERP. Phew! That’s a mouthful!
Any open positions at the time of suspension will close automatically. Yes, you heard it right! Like a bad breakup, Coinbase will just ghost you. Coinbase stated that the final settlement price will use the average index price over the 60 minutes before the curtain falls.
Oh, and donāt worry about those pesky funding rates-theyāll drop to zero during the final funding period before settlement, because why not? Itās like a surprise party where nobody shows up!
The exchange also noted that it reserves the right to suspend trading whenever it feels like it. It’s kind of like that friend who decides to leave the party early-totally unpredictable! They can also adjust the final settlement price to a āreasonableā level if they feel generous. Keep your eyes peeled, traders, or you might miss the show!
Related Reading: Coinbase Introduces GEX Metric, Warns of Volatility Between $60K and $90K
Why is Coinbase Playing Hard to Get with These Perpetual Contracts?
Coinbase Markets shared their reasoning, which sounds almost as complicated as my Aunt Edna’s family tree. They’ve pointed to liquidity and market-quality standards as the driving force behind this dramatic exit. If contracts fail to meet the benchmarks consistently, out they go-like last seasonās fashion!
This move reflects a broader effort to keep its derivatives market competitive and reliable. By cutting the underperformers, Coinbase aims to protect the precious price integrity for remaining listings. Because who wants to trade with a bunch of slackers diluting their attention?
Trading for the following perpetual futures will be suspended on Coinbase Advanced and Coinbase International Exchange on March 16 on or around 13:00 UTC. Ready? Here we go!
ā¢ MET-PERPā¢ REZ-PERPā¢ BABY-PERPā¢ SUPER-PERPā¢ SUSHI-PERPā¢ GMX-PERPā¢ ERA-PERPā¢ XAN-PERPā¢ VINE-PERPā¢ T-PERPā¦
– Coinbase Markets š”ļø (@CoinbaseMarkets)
Looking ahead, Coinbase Markets hinted at faster listing timelines for new perpetual futures. They plan to streamline internal processes over the coming months. Finally, someoneās getting their act together!
They also intend to use advanced evaluation frameworks to bring higher-quality derivatives to market more quickly. So, no more dilly-dallying with low-volume contracts! This signals a shift in strategy for the platformās derivatives arm-fewer but stronger products are the new mantra. Letās hope they stick to it this time!
Read More
- Survivorās Colby Donaldson Admits He Almost Backed Out of Season 50
- Best Controller Settings for ARC Raiders
- Where Winds Meet: How To Defeat Shadow Puppeteer (Boss Guide)
- Gold Rate Forecast
- The Sci-Fi Thriller That Stephen King Called āPainful To Watchā Just Joined Paramount+
- How to Build a Waterfall in Enshrouded
- How to Build Water Elevators and Fountains in Enshrouded
- The Legend of Zelda Film Adaptation Gets First Photos Showcasing Link and Zelda in Costume
- Meet the cast of Mighty Nein: Every Critical Role character explained
- Mishal Husain talks her new chapter, pressing Nigel Farage on Russia and the recent BBC troubles
2026-03-04 08:00