Coinbase suspends trading of 25 perpetual contracts and completes automatic settlement

According to official news, Coinbase has suspended trading on 25 perpetual contracts as previously announced, and the related open positions have been automatically settled at the final settlement price.

The contracts involved include 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, etc. The final settlement price is calculated based on the average index price in the 60 minutes prior to the suspension.

Coinbase stated that this move aims to focus on continuously meeting liquidity and market quality standards for products and will accelerate the launch of new perpetual contracts by optimizing internal processes.