Cryptocurrency exchange platform, Coinbase, extends its Perpetual Contracts offerings by incorporating additional altcoins.
Coinbase's Game-Changer: Delving into Perpetual Contracts for Akash Network, Zcash, and Moonwell
Here's the scoop! Coinbase International is set to revolutionize the crypto sphere by introducing perpetual contracts for Akash Network, Zcash, and Moonwell, effective March 27, 2025. This mind-blowing move reinforces their commitment to diversifying regulated crypto derivatives access and providing traders with stacks of tools to manage risk and seize opportunities like never before.
Greg Tusar, Vice President of Institutional Products at Coinbase, spilled the beans about this upcoming change in a blog post. "The addition of AKT, ZEC, and WELL perpetuals demonstrates our undying commitment to expanding crypto derivatives and offering more control to traders," he stated. So buckle up, folks! This is going to be a wild ride.
Hype Alert: The Aftermath of Perpetual Contracts for Altcoins
As of March 20, 2025, Akash Network was trading at a whopping $1.20, with a market cap of around $297.89 million[1]. If Coinbase's strategy succeeds (like it previously did with Bitcoin and Ethereum perpetuals), we can expect an influx of trading activity, increased liquidity, and vibrant market dynamics for these tokens.
Traders have already started whispering sweet nothings about the upcoming expansions on social media, intense with excitement about the plethora of options these new derivative instruments will bring, believing that it will lead to improved trading mechanics. In a nutshell, we're gearing up for a wild show in the crypto world!
An Evolution in Derivatives: Embracing the Future
Heads up! It's no secret that Coinbase's move to introduce perpetual contracts for altcoins like Akash and others reflects a trend that started in 2023, following similar expansions by leading exchanges[3]. In other words, Coinbase is consistently evolving to cater to the ever-changing needs of the crypto trading community. Welcome to the future!
In case you're curious, Akash Network is a decentralized cloud computing platform built on the Cosmos Network. While Zcash is a privacy-focused cryptocurrency that aims to provide users with increased financial privacy, Moonwell is a DeFi platform that operates on the Binance Smart Chain [2].
Stay tuned for more ground-breaking announcements and updates on this exciting expansion! In the meantime, arm yourself with knowledge—it's your most valuable tool in navigating this wild ride.
[1] CoinMarketCap (2025) Available here: https://coinmarketcap.com/currencies/akash/[2] Investopedia (2025) Available here: https://www.investopedia.com/terms/a/akash_network.asp[3] Coindesk (2025) Available here: https://www.coindesk.com/learn/cryptocurrency/derivatives/
- The inclusion of Akash Network, Zcash, and Moonwell perpetual contracts by Coinbase signifies a significant leap in technology, further expanding opportunities for investing in finance through blockchain and altcoins.
- As Coinbase's latest venture into altcoin derivatives follows the trend set by leading exchanges in 2023, it underscores their commitment to harnessing technology to cater to the evolving needs of crypto traders.
