Coinbase suspends 25 perpetual contract transactions and completes automated settlement

Comparative news: According to official sources, Coinbase has suspended 25 perpetual contract transactions as previously announced, and related open positions have been automatically settled at the final settlement price.

It involves TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, BIGTIME, etc. The final settlement price is calculated based on the average index price 60 minutes before the suspension of trading.

Coinbase said the move aims to focus on products that continue to meet liquidity and market quality standards, and will accelerate the launch of new perpetual contracts by optimizing internal processes.