Leading crypto exchange Coinbase has announced a new Solana listing. In a tweet, Coinbase mentioned the upcoming perpetual listings for Solana and Avalanche: SOL-PERP and AVAX-PERP.
Coinbase will add support for both Solana and Avalanche perpetual futures contracts on the Coinbase International Exchange and Coinbase Advanced platforms.
According to the tweet, the SOL-PERP and AVAX-PERP markets will launch on or around Nov. 14 at 4:00 p.m. UTC if liquidity conditions are met.
Coinbase announced the launch of perpetual futures last month for Coinbase advanced users in eligible non-U.S. jurisdictions. The move allows the start of perpetual futures trading on Coinbase Advanced, the crypto exchange’s platform for sophisticated retail traders.
Initially, four perpetual contracts were listed: XRP, BTC, ETH and LTC. This offering has now expanded with the upcoming listings of SOL and AVAX perpetual futures.
SOL, Solana’s native token, saw a surge, reaching beyond the $54 mark for the first time since May 2022. It should be noted, this rise occurred amid FTX’s bankrupt estate’s ongoing sale of SOL tokens