Crypto exchange Coinbase has announced the introduction of perpetual futures contracts for Render (RNDR), Saga (SAGA), and Threshold (T) on its International Exchange and Coinbase Advanced platforms.

Following this announcement, the tokens saw positive price movements, reflecting increased investor confidence.

Crypto exchange Coinbase has announced the introduction of perpetual futures contracts for Render (RNDR), Saga (SAGA), and Threshold (T) on its International Exchange and Coinbase Advanced platforms. Following this announcement, the tokens saw positive price movements, reflecting increased investor confidence.

Coinbase Adds Render, Saga, Threshold Perpetual Futures on August 29

According to an X post on August 22, 2024, the crypto exchange Coinbase is to extend its offering with Render, Saga, and Threshold perpetual futures contracts. The contracts will be listed on both the International Exchange and Advanced platforms.

The opening of trading for the new perpetual futures pairs will be on or after 09:30 AM UTC on August 29, 2024, for the following trading pairs: RENDER-PERP, SAGA-PERP, and T-PERP.

“Coinbase International Exchange will add support for Render, Saga, and Threshold perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our RENDER-PERP, SAGA-PERP, and T-PERP markets will begin on or after 9:30am UTC 29 AUG 2024. $RENDER $SAGA $T.”

This integration will allow traders to use leverage to trade these altcoins, which can be beneficial if there are favorable price movements in the market. Notably, perpetual futures contracts are common in the crypto market because they are not time-limited like futures contracts.

The announcement of the new perpetual futures contracts led to positive price movements for the tokens. At the time of writing, RNDR is trading at $0.143, showing an increase of over 6% during the past 24 hours. Meanwhile, SAGA is up by about 4%, trading at $0.063, and T is up by over 3%, priced at $0.097.

Coinbase to Offer 1:1 EURC Conversion, Polygon Support

Furthermore, the exchange has also announced the addition of a new 1:1 conversion for euros to the euro-pegged stablecoin, EURC. This conversion service will be available in Coinbase Advanced starting August 28, 2024, and there will be no fees for using it.

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