Key Points
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Coinbase is launching a new perpetual futures trading feature on one of its applications.
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Eligible investors will now have access to quite a lot of leverage to trade those contracts, if they want it.
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Expect the crypto market to behave a bit more energetically from here on out.
On Aug. 19, Coinbase Global(NASDAQ: COIN) launched perpetual futures trading inside its Base App, giving eligible users up to 50x leverage across the platform’s crypto and tokenized equity markets. The backend of that new feature will be handled by Hyperliquid, a popular and rising decentralized crypto derivatives exchange. That same day, nearly $3 billion in leveraged crypto positions were liquidated, the biggest single-day wipeout since the flash crash of…
