Bullish
Coinbase Suspends Perpetual Trading for 10 Tokens Including MEME on August 26
08-12
Coinbase halts perpetual contracts for 10 assets including MEME and ZRO on August 26, auto-settling open positions at index price with zero funding fees.
Woofun AI reports that Coinbase will suspend trading for perpetual contracts of ten tokens, including Memecoin (MEME), The Sandbox (SAND), and LayerZero (ZRO), around 21:00 on August 26. Remaining open positions will be automatically settled at the average index price from 60 minutes prior to the suspension, with the expense ratio for the last funding cycle set to zero.
WOOFUN AI
Impact Assessment · Quick Read
The suspension of perpetual contracts for these specific tokens may signal a review of liquidity depth or risk parameters for these assets on the platform. Traders holding leveraged positions face immediate liquidation risk via automatic settlement, potentially causing short-term price volatility in spot markets as positions are closed. This move highlights the operational risks associated with derivative products on centralized exchanges.
Generated by WOOFUN AI · For reference only, not investment advice
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