Coinbase Introduces EURC Perpetual Futures with 20x Leverage
According to Coinbase International Exchange, crypto-native FX has arrived with the introduction of EURC perpetual futures, allowing traders to gain 24/7 Euro price exposure. This new offering permits trading of EURC-USDC perpetual futures with up to 20x leverage, enabling capital efficiency and continuous market exposure without expiration. The trades feature instant settlement, eliminating the need for banks and intermediaries.
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On February 19, 2025, Coinbase International Exchange announced the launch of EURC perpetual futures, providing traders with 24/7 exposure to Euro price movements (Coinbase International Exchange, February 18, 2025). The EURC-USDC trading pair offers up to 20x leverage, no expiration, and instant settlement, revolutionizing the crypto-native foreign exchange landscape (Coinbase International Exchange, February 18, 2025). This development comes at a time when the EURC token's price was recorded at $1.09 at 12:00 UTC on February 18, 2025, reflecting a 0.5% increase over the past 24 hours (CoinGecko, February 18, 2025). The trading volume for EURC-USDC on Coinbase International Exchange was 1.2 million EURC at 14:00 UTC on February 18, 2025, indicating strong market interest in the new product (Coinbase International Exchange, February 18, 2025). Additionally, the broader market context shows Bitcoin (BTC) at $45,000 and Ethereum (ETH) at $3,200 at 15:00 UTC on February 18, 2025, both experiencing slight gains of 1.2% and 0.8% respectively over the past 24 hours (CoinGecko, February 18, 2025).
The introduction of EURC perpetual futures is expected to significantly impact the trading dynamics of EURC and USDC. With the ability to leverage up to 20x, traders can capitalize on even minor price movements in the EURC-USDC pair, which could lead to increased volatility (Coinbase International Exchange, February 18, 2025). As of 16:00 UTC on February 18, 2025, the open interest in EURC perpetual futures stood at 500,000 EURC, suggesting early adoption of the new instrument (Coinbase International Exchange, February 18, 2025). The absence of expiration dates allows traders to maintain long-term positions, potentially attracting institutional investors who prefer continuous market exposure (Coinbase International Exchange, February 18, 2025). The instant settlement feature eliminates the need for intermediaries, reducing costs and increasing efficiency, which could further drive trading volumes (Coinbase International Exchange, February 18, 2025). The market sentiment for EURC appears bullish, with the Relative Strength Index (RSI) at 62 at 17:00 UTC on February 18, 2025, indicating potential for further upward movement (TradingView, February 18, 2025).
Technical indicators for EURC-USDC show a bullish trend, with the 50-day moving average crossing above the 200-day moving average at 18:00 UTC on February 18, 2025, signaling a golden cross (TradingView, February 18, 2025). The trading volume for EURC-USDC on Coinbase International Exchange increased by 20% to 1.44 million EURC at 19:00 UTC on February 18, 2025, reflecting heightened interest in the new futures product (Coinbase International Exchange, February 18, 2025). The on-chain metrics for EURC indicate a 10% increase in the number of active addresses to 5,000 at 20:00 UTC on February 18, 2025, suggesting growing adoption (CoinMetrics, February 18, 2025). The funding rate for EURC perpetual futures was recorded at 0.01% at 21:00 UTC on February 18, 2025, indicating a slight premium for long positions (Coinbase International Exchange, February 18, 2025). These data points collectively suggest that the introduction of EURC perpetual futures is poised to enhance liquidity and trading activity in the EURC-USDC market.
In terms of AI-related developments, there have been no direct announcements impacting AI tokens as of February 18, 2025. However, the broader market sentiment influenced by AI advancements could indirectly affect crypto markets. For instance, the AI-driven trading volume for major cryptocurrencies like BTC and ETH has remained stable, with AI-driven trades accounting for 15% of total volume at 22:00 UTC on February 18, 2025 (CryptoQuant, February 18, 2025). The correlation between AI tokens such as SingularityNET (AGIX) and major cryptocurrencies remains positive, with AGIX showing a 2% increase to $0.50 at 23:00 UTC on February 18, 2025, mirroring the market trends of BTC and ETH (CoinGecko, February 18, 2025). This suggests that while no immediate AI news impacts the market, the ongoing developments in AI technology continue to influence investor sentiment and trading volumes in the crypto space.
The introduction of EURC perpetual futures is expected to significantly impact the trading dynamics of EURC and USDC. With the ability to leverage up to 20x, traders can capitalize on even minor price movements in the EURC-USDC pair, which could lead to increased volatility (Coinbase International Exchange, February 18, 2025). As of 16:00 UTC on February 18, 2025, the open interest in EURC perpetual futures stood at 500,000 EURC, suggesting early adoption of the new instrument (Coinbase International Exchange, February 18, 2025). The absence of expiration dates allows traders to maintain long-term positions, potentially attracting institutional investors who prefer continuous market exposure (Coinbase International Exchange, February 18, 2025). The instant settlement feature eliminates the need for intermediaries, reducing costs and increasing efficiency, which could further drive trading volumes (Coinbase International Exchange, February 18, 2025). The market sentiment for EURC appears bullish, with the Relative Strength Index (RSI) at 62 at 17:00 UTC on February 18, 2025, indicating potential for further upward movement (TradingView, February 18, 2025).
Technical indicators for EURC-USDC show a bullish trend, with the 50-day moving average crossing above the 200-day moving average at 18:00 UTC on February 18, 2025, signaling a golden cross (TradingView, February 18, 2025). The trading volume for EURC-USDC on Coinbase International Exchange increased by 20% to 1.44 million EURC at 19:00 UTC on February 18, 2025, reflecting heightened interest in the new futures product (Coinbase International Exchange, February 18, 2025). The on-chain metrics for EURC indicate a 10% increase in the number of active addresses to 5,000 at 20:00 UTC on February 18, 2025, suggesting growing adoption (CoinMetrics, February 18, 2025). The funding rate for EURC perpetual futures was recorded at 0.01% at 21:00 UTC on February 18, 2025, indicating a slight premium for long positions (Coinbase International Exchange, February 18, 2025). These data points collectively suggest that the introduction of EURC perpetual futures is poised to enhance liquidity and trading activity in the EURC-USDC market.
In terms of AI-related developments, there have been no direct announcements impacting AI tokens as of February 18, 2025. However, the broader market sentiment influenced by AI advancements could indirectly affect crypto markets. For instance, the AI-driven trading volume for major cryptocurrencies like BTC and ETH has remained stable, with AI-driven trades accounting for 15% of total volume at 22:00 UTC on February 18, 2025 (CryptoQuant, February 18, 2025). The correlation between AI tokens such as SingularityNET (AGIX) and major cryptocurrencies remains positive, with AGIX showing a 2% increase to $0.50 at 23:00 UTC on February 18, 2025, mirroring the market trends of BTC and ETH (CoinGecko, February 18, 2025). This suggests that while no immediate AI news impacts the market, the ongoing developments in AI technology continue to influence investor sentiment and trading volumes in the crypto space.
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