Coinbase expands futures trading, Tesla did not sell BTC and Taproot Assets launched on mainnet
Coinbase advanced expands Perpetual Futures trading to non-US jurisdictions
Coinbase has revealed that customers residing in eligible non-US regions now have the opportunity to engage in perpetual futures trading on Coinbase Advanced, the firm’s specialized platform designed for discerning retail traders.
Starting on October 18, traders will be able to employ USDC as their currency of choice to place bids on four distinct contracts encompassing Bitcoin, Ether, Litecoin, and XRP. These contracts provide leverage of up to 5X, except XRP, which offers maximum leverage of 3X, according to the official blog post.
“Today, only a few trusted players exist in the global crypto derivatives market that provide the security and transparency that crypto traders need to trade with confidence. In addition to our institutional customers, Coinbase Advanced customers can now access perpetual futures contracts offered by Coinbase International Exchange, which have been built within rigorous compliance standards.”
Tesla holds steady with 9,720 BTC holdings in Q3 Earnings Report!
Tesla’s latest earnings report revealed that the company’s bitcoin holdings remained unchanged at 9,720 BTC in the third quarter, worth $275.4 million at the current market price. This marks the fifth consecutive quarter that the car manufacturer has held onto its bitcoin.
Tesla invested $1.5 billion in bitcoin earlier this year and announced plans to accept it as a form of payment before retracting that decision in subsequent months. Despite selling some of its bitcoin holdings earlier this year, Tesla remains one of the top public companies with significant cryptocurrency holdings.
Lightning Labs rolls out Taproot Assets Alpha
Bitcoin-focused company Lightning Labs has launched the Taproot Assets mainnet alpha daemon.
Simply put, Taproot Assets uses bitcoin’s technology to handle, create, and delve into stablecoins and other assets. Think of it as a modern financial tool, backed by bitcoin’s known security and decentralized features. The current version, Taproot Assets v0.3, enables developers to transform bitcoin into a network that can support various assets, all while maintaining its foundational principles.
The main aim here is to evolve bitcoin. It’s not just about it being a cryptocurrency anymore. It’s about making it a global network for digital money transactions. By merging Taproot Assets with Lightning transactions, the way we understand financial exchanges might undergo a significant shift, making them more in tune with bitcoin’s built-in liquidity.
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