Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-crypto.com
April 24, 2025 at 13:46
Binance and Coinbase Set to Expand Altcoin Offerings with Initia Listing
Coinbase, the largest cryptocurrency exchange in the U.S., has announced the listing of a new altcoin called Initia (INIT).
The exchange revealed it will support Initia perpetual futures on both the Coinbase International Exchange and Coinbase Advanced.
This move is set to take place with the INIT-PERP market opening on or after 15:00 UTC on April 24, 2025.
In a significant development, Binance has also listed the same altcoin, reflecting the growing interest in Initia among major exchanges.
The simultaneous listing by these two prominent platforms could indicate potential investor confidence in Initia.
Perpetual futures provide traders with the opportunity to speculate on the price of cryptocurrencies without an expiration date.
The introduction of such financial instruments allows for more sophisticated trading strategies among investors.
Trader sentiment regarding Initia will likely be closely monitored as the listing date approaches.
This latest development highlights the competitive landscape of cryptocurrency exchanges as they vie for market share.
Overall, the dual listing of Initia might pave the way for greater adoption and liquidity in the altcoin market.
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