Coinbase, Robinhood Gain in Premarket on Hopes for Looser Perpetual Futures Rules
Uk Jin
Summary
- Shares tied to U.S. cryptocurrency exchanges, Coinbase and Robinhood, were both gaining in premarket trading ahead of the open.
- Coinbase was trading at $139.26 in premarket, up 1.04% from the previous day, while Robinhood rose 1.45% to $85.06.
- Expectations for related stocks appeared to be building after the U.S. Commodity Futures Trading Commission (CFTC) for the first time allowed perpetual futures trading based on individual stocks as the underlying asset.
Forecast Trend Report by Period
Coinbase and Robinhood, two U.S. stocks tied to cryptocurrency exchanges, were both higher in premarket trading.
As of November 3, Yahoo Finance data showed Coinbase up 1.04% from the previous close at $139.26 in U.S. premarket trading. Robinhood was also up 1.45% at $85.06.
The gains appeared to reflect rising expectations for related stocks after the U.S. Commodity Futures Trading Commission for the first time allowed perpetual futures trading on U.S. exchanges using individual stocks as the underlying asset.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.