Coinbase International and Coinbase Advanced are set to expand their derivatives offerings with the addition of perpetual contracts for two major cryptocurrencies: Polygon (MATIC) and Bitcoin Cash (BCH). This strategic move underscores the growing demand for advanced trading instruments in the global crypto market, especially among experienced traders seeking leverage and hedging opportunities.
The new MATIC-PERP and BCH-PERP trading pairs will go live on December 7, 2023, at 18:00 UTC or shortly thereafter. This launch enables traders on Coinbase International to gain leveraged exposure to both assets without expiration dates—a defining feature of perpetual contracts.
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Why Perpetual Contracts Matter
Perpetual contracts have become a cornerstone of modern cryptocurrency trading. Unlike traditional futures, which expire on a set date, perpetual swaps allow traders to hold positions indefinitely, provided they meet margin requirements and pay periodic funding fees. This flexibility makes them ideal for both short-term speculators and long-term investors managing risk across volatile markets.
With MATIC and BCH now joining Coinbase International’s growing list of supported perpetuals, traders gain access to diversified exposure across different blockchain ecosystems:
- Polygon (MATIC): A leading Ethereum scaling solution known for its high-speed, low-cost transactions and strong adoption in decentralized finance (DeFi) and NFTs.
- Bitcoin Cash (BCH): A peer-to-peer electronic cash system that emerged from a 2017 Bitcoin fork, emphasizing fast, low-cost payments.
These additions complement existing offerings like BTC, ETH, and SOL perpetuals, reinforcing Coinbase’s position as a competitive player in the global derivatives space.
Expanding Global Reach Through Coinbase International
While U.S. regulations restrict derivative products on the domestic Coinbase platform, Coinbase International serves eligible non-U.S. users with access to leveraged trading products. This regulatory distinction allows Coinbase to cater to international demand while complying with local laws.
The decision to list MATIC and BCH perpetuals reflects deeper market trends:
- Increasing institutional and retail interest in altcoin derivatives
- Rising trading volumes on Layer-1 and payment-focused blockchains
- Demand for more sophisticated tools beyond spot trading
By integrating these contracts into Coinbase Advanced, a platform tailored for active traders, the exchange enhances its competitiveness against other global platforms offering similar features.
Market Impact and Trading Opportunities
The introduction of perpetual contracts often correlates with increased liquidity and price volatility for the underlying asset. Historical data shows that post-listing events frequently trigger short-term spikes in trading volume as arbitrageurs, market makers, and speculative traders enter positions.
For example:
- After SOL-PERP launched on major exchanges in 2022, Solana saw a 35% increase in average daily trading volume over the following month.
- MATIC has consistently ranked among the top 15 cryptocurrencies by market cap, with a strong presence in DeFi protocols across multiple chains.
- BCH remains a notable player in the payments segment, supported by a dedicated developer community and merchant adoption.
Traders should be prepared for potential price movements around the listing time. Key factors to monitor include:
- Funding rates immediately after launch
- Open interest growth in MATIC-PERP and BCH-PERP
- Correlation with broader market sentiment (especially BTC dominance)
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Understanding Risk in Leveraged Trading
While perpetual contracts offer significant profit potential, they also come with elevated risks due to leverage. Even small price movements can result in substantial gains—or losses—if risk management strategies are not in place.
Best practices for safe perpetual trading include:
- Setting stop-loss and take-profit orders
- Avoiding over-leveraging, especially during high-volatility periods
- Monitoring funding rates to avoid unexpected costs
- Diversifying positions across uncorrelated assets
Educational resources and demo trading environments are essential for newcomers before entering live markets.
Keyword Integration & SEO Focus
This update aligns with key search intents around cryptocurrency derivatives, MATIC trading, BCH futures, and Coinbase International services. Core keywords naturally integrated throughout include:
- Coinbase International
- MATIC perpetual contract
- BCH-PERP
- crypto derivatives
- leveraged trading
- Polygon MATIC
- Bitcoin Cash
- perpetual contracts
These terms reflect high-volume queries from users researching where and how to trade altcoin derivatives securely.
Frequently Asked Questions (FAQ)
Q: What time will MATIC and BCH perpetual contracts go live?
A: The MATIC-PERP and BCH-PERP trading pairs will become available on December 7, 2023, at 18:00 UTC or shortly after.
Q: Is Coinbase International available to U.S. users?
A: No. Coinbase International is restricted to eligible non-U.S. residents due to regulatory constraints on crypto derivatives in the United States.
Q: What is a perpetual contract?
A: A perpetual contract is a type of futures contract with no expiry date, allowing traders to hold leveraged positions indefinitely by paying or receiving funding fees at regular intervals.
Q: Do I need a separate account to trade on Coinbase Advanced?
A: No. Coinbase Advanced is part of the Coinbase International platform interface, accessible under the same login credentials once eligibility is confirmed.
Q: Are there margin requirements for trading perpetuals?
A: Yes. Traders must maintain sufficient margin in their accounts to open and hold leveraged positions. Failure to meet margin requirements may lead to liquidation.
Q: Why are MATIC and BCH being added now?
A: Growing demand for altcoin-based derivatives, strong ecosystem development (especially for Polygon), and sustained market interest in both assets have driven this expansion.
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Final Thoughts
Coinbase’s decision to list perpetual contracts for MATIC and BCH marks a meaningful step toward broader financialization of digital assets. As crypto markets mature, demand for structured products continues to rise—especially among sophisticated traders looking for ways to hedge exposure or capitalize on volatility.
With Polygon solidifying its role as a top-tier scaling solution and Bitcoin Cash maintaining relevance in the digital cash narrative, both assets bring unique value propositions to the derivatives landscape.
For global traders outside the U.S., this update offers new opportunities within a regulated, trusted environment. As always, responsible trading habits and continuous learning remain critical to long-term success in leveraged markets.