Coinbase CEO Says US500 Perpetual Futures Hit $100 Million in Daily Volume Within a Week
Uk Jin
Summary
- Coinbase said daily trading volume for its US500 index perpetual futures topped $100 million within a week of launch.
- CEO Brian Armstrong said the US500 index perpetual futures had surpassed $100 million in 24-hour trading volume, showing strong early momentum.
- He said US500 offers exposure to the U.S. large-cap stock market and is an index-based perpetual futures product tied to the 500 largest companies in the U.S.
Forecast Trend Report by Period
Daily trading volume in the US500 index perpetual futures contract launched by Coinbase topped $100 million within a week of its debut.
Brian Armstrong, Coinbase's chief executive officer, wrote in a post on X on Aug. 28 that the newly launched US500 index perpetual futures had surpassed $100 million in 24-hour trading volume, showing strong early momentum.
US500 is an index-based perpetual futures product that offers exposure to the U.S. large-cap stock market. Coinbase launched the product on Aug. 17.
Armstrong said US500 is tied to an index of the 500 largest U.S. companies and can also be traded in the U.S. He also asked users which index perpetual futures products they would like to see next.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.