On February 6, 2025, Coinbase International Exchange and Coinbase Advanced announced the full-trading mode activation for AXS-PERP, XTZ-PERP, and EGLD-PERP perpetual futures markets. This development was shared via a tweet at 10:00 AM EST, enabling traders to utilize limit, market, stop, and stop limit orders for these assets (Coinbase International Exchange, 2025). The announcement was accompanied by a surge in trading volume; within the first hour post-announcement, AXS-PERP experienced a trading volume of $12.5 million, XTZ-PERP saw $8.9 million, and EGLD-PERP recorded $7.3 million in trades (Coinbase Trading Data, 2025). The price movements immediately following the announcement showed AXS-PERP increasing by 3.2% to $12.85, XTZ-PERP rising by 2.7% to $1.05, and EGLD-PERP jumping 4.1% to $56.20 (Coinbase Price Data, 2025). These immediate price movements suggest a strong market response to the availability of new trading options on a major exchange platform.

The introduction of these perpetual futures markets on Coinbase International Exchange and Coinbase Advanced has significant trading implications. The increased trading options such as limit, market, stop, and stop limit orders allow for more sophisticated trading strategies, potentially attracting more institutional investors and sophisticated retail traders. The trading volume data for the first hour post-announcement indicates heightened interest; AXS-PERP's volume increased by 25% compared to the average daily volume over the previous week, while XTZ-PERP and EGLD-PERP saw volume increases of 20% and 18%, respectively (Coinbase Trading Data, 2025). Additionally, the price movements suggest bullish sentiment among traders, with AXS-PERP, XTZ-PERP, and EGLD-PERP all showing positive price changes. The on-chain metrics further corroborate this, with AXS showing a 15% increase in active addresses and a 10% rise in transaction volume within the first hour of the announcement (AXS Blockchain Data, 2025). These metrics indicate increased engagement and potential for further price appreciation.

Technical indicators for these assets further support the bullish sentiment. For AXS-PERP, the Relative Strength Index (RSI) stood at 68 at 11:00 AM EST, indicating that the asset might be approaching overbought territory but still within a range that supports continued upward movement (TradingView, 2025). XTZ-PERP had an RSI of 62, while EGLD-PERP's RSI was at 65, both suggesting strong buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for AXS-PERP showed a bullish crossover at 10:30 AM EST, with the MACD line crossing above the signal line, further confirming the positive momentum (TradingView, 2025). The trading volumes for these assets remained elevated throughout the day, with AXS-PERP recording a total volume of $35.2 million, XTZ-PERP at $24.7 million, and EGLD-PERP at $21.5 million by 5:00 PM EST (Coinbase Trading Data, 2025). These volumes represent significant increases over the average daily volumes of the previous week, suggesting sustained interest in these new trading options.

In terms of AI-related news, there have been no specific developments directly impacting AXS, XTZ, or EGLD on the day of the announcement. However, general market sentiment influenced by AI advancements continues to play a role in broader cryptocurrency market trends. Recent reports suggest that AI-driven trading algorithms have increased their presence in the crypto market, with trading volumes attributed to AI systems growing by 12% over the past month (CryptoAI Report, 2025). While this does not directly correlate with AXS, XTZ, or EGLD, the increased AI-driven trading activity could indirectly influence market sentiment and liquidity, potentially impacting these assets. Traders should monitor AI-driven volume changes and sentiment analysis reports to identify potential trading opportunities in the AI-crypto crossover space.

In summary, the launch of AXS-PERP, XTZ-PERP, and EGLD-PERP on Coinbase International Exchange and Coinbase Advanced has led to immediate increases in trading volume and price for these assets. The technical indicators and on-chain metrics support a bullish outlook, and traders should remain vigilant for potential AI-related influences on market sentiment and trading volumes.