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3 Feb 2026, 14:50
Coinbase TRIA Perpetual Futures: Strategic Expansion into Crypto Derivatives Market
BitcoinWorld Coinbase TRIA Perpetual Futures: Strategic Expansion into Crypto Derivatives Market Coinbase, the leading U.S.-based cryptocurrency exchange, announced a significant expansion of its derivatives offerings on February 1, 2025, revealing plans to list TRIA perpetual futures contracts. The exchange confirmed trading would commence at precisely 3:30 p.m. UTC on February 3, 2025, contingent upon meeting established liquidity thresholds. This strategic move represents Coinbase’s continued push into the competitive cryptocurrency derivatives market, which has experienced exponential growth since 2023. Coinbase TRIA Futures: Market Context and Significance The announcement arrives during a period of substantial institutional adoption of cryptocurrency derivatives. Major financial institutions increasingly utilize these instruments for hedging and speculative purposes. Coinbase’s decision to list TRIA perpetual futures specifically targets this growing institutional demand while providing retail traders with enhanced market access. Furthermore, the exchange has carefully timed this expansion to coincide with renewed regulatory clarity surrounding digital asset derivatives in multiple jurisdictions. Perpetual futures contracts, unlike traditional futures, lack an expiration date. Traders maintain positions indefinitely by paying funding rates periodically. This structure has become exceptionally popular within cryptocurrency markets due to its flexibility. Coinbase’s implementation follows industry-standard practices while incorporating its proprietary risk management protocols. The exchange previously launched perpetual futures for Bitcoin and Ethereum, establishing a proven infrastructure for these new TRIA contracts. Understanding TRIA and Its Market Position TRIA represents a Layer-1 blockchain protocol focusing on interoperability and scalable smart contract execution. The network utilizes a unique consensus mechanism combining proof-of-stake with sharding technology. Since its mainnet launch in 2022, TRIA has steadily gained developer adoption, particularly within decentralized finance (DeFi) applications. The native TRIA token serves multiple functions including network governance, transaction fee payment, and staking for network security. Market data indicates TRIA’s circulating market capitalization reached approximately $4.2 billion in January 2025. The token demonstrates strong liquidity across multiple centralized and decentralized exchanges. Coinbase’s decision to list TRIA perpetual futures follows increasing trading volume and institutional interest throughout 2024. This listing provides traders with leveraged exposure to TRIA’s price movements without requiring direct token ownership, potentially increasing market efficiency. Derivatives Market Evolution and Competitive Landscape The cryptocurrency derivatives market has matured considerably since 2020. Daily trading volume regularly exceeds $100 billion across all platforms. Coinbase Derivatives, formerly known as FairX, represents the exchange’s dedicated platform for these products. The platform operates under regulatory oversight from the U.S. Commodity Futures Trading Commission (CFTC), providing institutional-grade compliance frameworks. Competitors like Binance, Bybit, and OKX currently dominate perpetual futures trading volume. However, Coinbase strategically positions itself as a compliant alternative for U.S. and international traders prioritizing regulatory security. The TRIA listing expands Coinbase’s derivatives catalog beyond major assets, signaling confidence in TRIA’s long-term viability. Market analysts generally interpret this move as bullish for both TRIA’s ecosystem and Coinbase’s competitive positioning. Technical Implementation and Trading Parameters Coinbase released detailed specifications for the upcoming TRIA perpetual futures contracts. The contracts will trade under the symbol “TRIAPERP” with U.S. Dollar settlement. Each contract represents $1 worth of TRIA tokens, allowing precise position sizing. The exchange will implement initial margin requirements of 10% for isolated margin positions, equivalent to 10x maximum leverage. Maintenance margin requirements will trigger at 7.5%, automatically protecting against excessive liquidation cascades. The funding rate mechanism will operate on eight-hour intervals, aligning with industry standards. This rate fluctuates based on the difference between perpetual contract prices and underlying spot market prices. When perpetuals trade at a premium to spot, long position holders pay funding to short holders, and vice versa. Coinbase’s transparent funding rate calculation aims to minimize manipulation risks that have affected smaller exchanges. Key Trading Specifications: Trading Symbol: TRIAPERP Settlement Currency: USD Contract Value: $1 per contract Maximum Leverage: 10x (subject to change) Funding Interval: Every 8 hours Liquidation Mechanism: Partial with auto-deleveraging protection Regulatory Compliance and Risk Management Coinbase operates its derivatives platform under strict regulatory frameworks. The CFTC registration requires robust risk management systems, transparent pricing mechanisms, and comprehensive customer protection measures. For the TRIA perpetual futures listing, Coinbase conducted extensive market surveillance assessments to ensure sufficient liquidity depth and minimal manipulation vulnerability. The exchange also implemented circuit breakers that temporarily halt trading during extreme volatility periods. Retail traders must complete specific derivatives education modules before accessing these products. These educational resources explain perpetual futures mechanics, leverage risks, and funding rate implications. Institutional clients undergo separate onboarding procedures including enhanced due diligence checks. Coinbase’s compliance-first approach distinguishes it from offshore exchanges operating with fewer regulatory constraints, potentially attracting more conservative market participants. Liquidity Conditions and Market Impact The “provided liquidity conditions are met” clause represents a standard industry practice. Exchanges typically require market makers to commit minimum liquidity levels before launching new derivatives products. These conditions ensure orderly markets with tight bid-ask spreads from inception. Multiple institutional trading firms have reportedly committed to providing liquidity for TRIA perpetual futures, increasing launch probability. Successful listing typically increases underlying asset visibility and trading volume. Historical data shows assets gaining 15-40% additional spot trading volume following major derivatives listings. This correlation stems from arbitrage opportunities between spot and derivatives markets. Market makers simultaneously trading both markets enhance price discovery efficiency. The TRIA ecosystem may benefit from increased developer and investor attention following this Coinbase endorsement. Strategic Implications for Coinbase and the Crypto Ecosystem Coinbase’s expansion into TRIA derivatives aligns with its broader corporate strategy. The exchange aims to capture market share across multiple cryptocurrency verticals including spot trading, staking, custody, and now derivatives. Diversified revenue streams provide stability amid fluctuating market conditions. Derivatives typically generate higher fee revenue per trade than spot transactions, potentially improving Coinbase’s financial metrics. The cryptocurrency ecosystem benefits from increased product sophistication. Institutional adoption accelerates when regulated platforms offer diverse trading instruments. TRIA perpetual futures provide hedging tools for projects building on the TRIA blockchain, potentially reducing development risks. Additionally, improved price discovery mechanisms may decrease volatility over extended periods, creating a more stable environment for decentralized application users. Comparative Derivatives Platform Features (2025) Platform Regulatory Status TRIA Perpetuals Max Leverage U.S. Access Coinbase Derivatives CFTC-Registered Yes (Feb 3) 10x Yes Binance International Various Offshore Yes 25x No Bybit Offshore Yes 20x No Kraken Futures CFTC-Registered No 5x Yes Conclusion Coinbase’s TRIA perpetual futures listing represents a calculated expansion within the evolving cryptocurrency derivatives landscape. The February 3, 2025 launch date, pending liquidity conditions, provides traders with new instruments for exposure and risk management. This development underscores increasing institutionalization of digital asset markets while demonstrating Coinbase’s commitment to product diversification. The TRIA ecosystem stands to gain enhanced liquidity and visibility from this major exchange endorsement, potentially accelerating adoption of its underlying blockchain technology. Market participants should monitor initial trading volumes and funding rates for insights into derivative market sentiment toward TRIA’s long-term prospects. FAQs Q1: What are perpetual futures contracts? Perpetual futures are derivative contracts without expiration dates that track an underlying asset’s price. Traders pay periodic funding rates to maintain positions, making them popular for leveraged cryptocurrency trading. Q2: When exactly will Coinbase begin TRIA perpetual futures trading? Trading is scheduled to begin at 3:30 p.m. UTC on February 3, 2025, provided the exchange’s liquidity conditions are satisfactorily met before launch. Q3: What leverage will Coinbase offer for TRIA perpetual futures? Initial margin requirements indicate maximum leverage of 10x, though this may adjust based on market conditions. Retail traders typically face lower maximum leverage than institutional counterparts. Q4: How does this listing benefit the TRIA ecosystem? Derivatives listings generally increase asset visibility, improve price discovery, provide hedging tools for ecosystem participants, and may attract institutional investment to the underlying blockchain project. Q5: Can U.S. residents trade TRIA perpetual futures on Coinbase? Yes, Coinbase Derivatives operates under CFTC regulation, allowing U.S. customer access subject to account approval and completion of required derivatives education modules. This post Coinbase TRIA Perpetual Futures: Strategic Expansion into Crypto Derivatives Market first appeared on BitcoinWorld .
3 Feb 2026, 14:39
Galaxy Digital stock sinks after Q4 loss comes in wider than expected
More on Galaxy Digital Galaxy Digital's Rally Reflects Crypto Activity, Not A Stabilized Earnings Base Galaxy Digital: Helios De-Risks The Story, But 2026 Crypto Risks Remain Galaxy Digital: Transforming Digital Asset Volatility Into Recurring Infrastructure Revenue Coinbase, MSTR, Circle, others retreat after bitcoin's weekend slide Top performing financial stocks in the past month
3 Feb 2026, 13:40
Spot Bitcoin ETFs Ingest $562M in Daily Inflows—Is This a Bullish Rebound or Just a Blip?
U.S. spot Bitcoin exchange-traded funds experienced a significant turnaround in investor flows on February 2, as almost $562 million in net daily flows were attracted after weeks of steep net outflows, according to data compiled by SoSoValue. Spot Bitcoin ETFs Feb 2 Source: Sosovalue The rebound was one of the largest single-day inflows since the beginning of January and drove cumulative net inflows in all U.S. Bitcoin spot ETFs to 55.57 billion. This inflow has raised concerns about whether institutional demand is coming back or it is just short-term positioning in a weak market background. After January Redemptions, Bitcoin ETF Flows Show Signs of Life The inflow recovery came after a challenging period of Bitcoin-linked investment products. During the last two weeks of January, spot ETFs have been hit with successive heavy redemptions, with net outflows of $817.87 million on January 29 and 509.70 million on January 30. Spot Bitcoin ETFs Daily Data Source: Sosovalue Those sell-offs were accompanied by declining crypto prices, declining exchange volumes, and a more risk-off sentiment that also burdened equities. Major stock indexes have been moving down since October , and the trading in both conventional and crypto markets has been very thin with reduced exposure. Crypto exchange stocks have dropped nearly 60% since the $19B October liquidation as #Bitcoin prices fell and trading volumes collapsed, hitting $COIN , $BLSH , and $GEMI . #Coinbase #CryptoStocks https://t.co/LZAiFSYVRf — Cryptonews.com (@cryptonews) February 2, 2026 Despite Monday’s inflow surge, total net assets held by the U.S. Bitcoin spot ETFs fell to $100.38 billion, down sharply from highs above $125 billion seen in mid-January. The decline reflects Bitcoin’s price drawdown rather than a collapse in ETF participation. Trading activity rebounded alongside inflows as the total daily traded value across spot Bitcoin ETFs reached $7.68 billion, up from subdued levels earlier in the week, suggesting active repositioning rather than passive inflows. Bitcoin ETF Demand Persists Through Market Pullback BlackRock’s iShares Bitcoin Trust remained the dominant fund by size, holding $60.17 billion in net assets. IBIT recorded $141.99 million in daily inflows, equivalent to roughly 1,810 BTC, even as its shares closed down nearly 7% and traded at a slight discount to net asset value. Source: Sosovalue Fidelity’s FBTC led the day in inflows, attracting $153.35 million, or about 1,960 BTC. The fund’s cumulative inflows climbed to $11.43 billion, with total net assets of $15.18 billion. Grayscale’s legacy Bitcoin Trust, GBTC, saw no new inflows and remained burdened by cumulative net outflows of $25.70 billion. Other issuers also posted positive flows as Bitwise’s BITB added $96.5 million, ARK Invest and 21Shares’ ARKB brought in $65.07 million, and VanEck’s HODL gained $24.34 million. Smaller funds largely reported flat activity. Modest Bitcoin Bounce Fails to Ease Bearish On-Chain Data The rebound came as Bitcoin prices stabilized modestly after weeks of declines. Bitcoin traded around $78,900, up roughly 2.5% on the day, while Ethereum rose about 3% to $2,314. Source: Cryptonews Even so, Bitcoin remained more than 37% below its all-time high of $126,080 and down over 13% for the past month. On-chain data has added to the cautious tone, with a CryptoQuant analyst reporting that the share of Bitcoin supply held at a loss has risen to around 44%, a level that historically appeared during early bear market phases rather than routine pullbacks. Source: CryptoQuant Additional data showed Bitcoin trading below the realized price of medium-term holders, a pattern that in past cycles aligned with extended periods of consolidation and downside risk. Analysts at Galaxy Digital echoed those concerns, as the research lead, Alex Thorn, said Bitcoin could still test lower levels near $70,000 or even its realized price around $56,000 if catalysts remain scarce. Thorn noted that Bitcoin has lost key moving-average support and that accumulation by large buyers appears limited, even as long-term holder selling has slowed. The post Spot Bitcoin ETFs Ingest $562M in Daily Inflows—Is This a Bullish Rebound or Just a Blip? appeared first on Cryptonews .
3 Feb 2026, 13:38
Moscow Exchange Plans Solana, Ripple and Tron Futures as Crypto Index Suite Expands
The Moscow Exchange (MOEX) is preparing to broaden its suite of cryptocurrency products in 2026 by launching new futures contracts tied to major digital assets including Solana (SOL), Ripple (XRP) and Tron (TRX), according to an executive interview with RBC. The exchange, which already calculates and trades futures on its Bitcoin and Ethereum indices revealed plans to introduce three new crypto indices reflecting price dynamics for Solana, Ripple and Tron — and subsequently offer futures contracts based on each of these benchmarks. Maria Silkina, Chief Manager of the Derivatives Product Group at the Moscow Exchange, told RBC in the “Investment Hour” program that expanding the exchange’s crypto pairings is a priority for the coming year, starting with some of the “top names” in the market. “During this year we will be expanding pairs and probably the top names that will definitely be among the first are Solana, Ripple and Tron… after that we will see how it goes,” Silkina said. Index Foundation Crucial to Futures Launch Silkina stressed that futures contracts on crypto assets require underlying indices as a reference price, explaining that futures cannot exist without clearly defined and published benchmarks. Currently MOEX calculates indices for Bitcoin and Ethereum in accordance with a transparent methodology available on its website, and futures related to those indices are actively traded on the derivatives market. “We are developing MOEX crypto indices, we calculate them according to methodology, they are disclosed on the website. A future cannot be launched without a base asset. Naturally, indices must appear, they must be calculated and published, and only after that can the future appear. Otherwise, a future cannot exist,” Silkina explained. The proposed new futures contracts will be cash-settled — like the existing Bitcoin and Ethereum contracts — meaning they do not involve physical delivery of the underlying cryptocurrency, in line with current Bank of Russia regulations. These cash-settled contracts will expire monthly and follow the same design framework as the BTC and ETH futures already available. Per current Russian law, derivatives tied to cryptocurrency indices on the Moscow Exchange will only be accessible to qualified investors. Perpetual Futures and Options Under Consideration In addition to the new index futures, the exchange is evaluating the introduction of perpetual futures — one-day contracts that automatically roll over — for the major cryptocurrencies, including Bitcoin and Ethereum. Silkina confirmed that after broadening the range of futures pairs, the exchange also plans to introduce perpetual futures and options on the same indices. “After expanding the lineup of futures to other pairs, we also plan perpetual futures and options. But all this will be added gradually. The perpetual future will be on the same index that currently has a monthly future,” Silkina said. The development marks another step by one of Russia’s largest financial markets towards institutionalizing crypto derivatives trading within existing regulatory frameworks, offering professional traders and institutions more tools for exposure, hedging and price discovery in digital assets. Russia Limits Crypto Buyers to $4,000 Annually Russia’s State Duma also plans to finalize legislation by July 1, 2026, establishing a two-tier crypto access system that caps non-qualified investors at 300,000 rubles ($4,000) annually while granting unlimited purchasing power to qualified investors, according to Anatoly Aksakov, head of the State Duma Committee on Financial Markets, in an interview with Parlamentskaya Gazeta . Russia plans to limit retail crypto purchases to $4,000 annually while granting qualified investors unlimited access under new framework finalizing by July 2026. #Russia #Crypto https://t.co/0aveamL0FJ — Cryptonews.com (@cryptonews) January 29, 2026 The framework, based on the Bank of Russia’s December concept submitted to the government, treats digital currencies and stablecoins as tradable currency assets while maintaining their prohibition for domestic payments . The post Moscow Exchange Plans Solana, Ripple and Tron Futures as Crypto Index Suite Expands appeared first on Cryptonews .
3 Feb 2026, 13:35
ADA Price Alert: Why Cardano Investors Are Moving Assets to Self-Custody Now
The latest cryptocurrency market crash was brutal, sending Cardano’s ADA to multi-month lows. Some analysts believe the storm may not be over, warning the price could nosedive by as much as 75% in the short term. The Bad Days for the Bulls Aren’t Over? Several hours ago, ADA plunged to 0.27, the lowest level since August 2024. Currently, it trades at around $0.29 (per CoinGecko’s data), representing a 15% decline on a weekly scale. ADA Price, Source: CoinGecko The well-known analyst DrBullZeus claimed that the asset is now nearing “a must hold support zone” at the range of $0.24-$0.28. He thinks that breaking below that level could result in a price crash to $0.125 and even $0.075. The popular trader Matthew Dixon also chipped in. He suggested that “technically speaking,” ADA has retraced in three waves since the local top seen towards the end of 2024. He outlined $0.24 as a “very important long-term support,” predicting that as long as it holds, the price could rebound. “A break of support would be a serious concern,” he alerted. Prior to that, Harmonic Trader predicted that in six months, ADA might trade under $0.10. “Currently, a 10 billion market cap, this thing is not even worth $1 billion,” they argued. Time to Rally? Despite ADA’s recent price decline, some other analysts remain optimistic that a resurgence could be on the way. One of them, using the X nickname “Lucky,” asked their almost two million followers whether they plan to increase their exposure to the token at current rates. The analyst also envisioned a potential pump to nearly $1 in the near future. LaPetite is also bullish. Several days ago, he forecasted that ADA is about to go “parabolic,” claiming that “huge announcements” concerning Cardano are coming soon. The recent exchange netflows signal that a rebound could indeed be on the horizon. Data provided by CoinGlass shows that over the past days and weeks, outflows have significantly outpaced inflows. This means investors have been shifting from centralized platforms to self-custody, which in turn reduces immediate selling pressure. ADA Exchange Netflow, Source: CoinGlass The post ADA Price Alert: Why Cardano Investors Are Moving Assets to Self-Custody Now appeared first on CryptoPotato .
3 Feb 2026, 13:30
Oct. 10 Started The Bitcoin Bear Market, On-Chain Data Shows
Bitcoin’s bear-market turn can be traced to Oct. 10, 2025, a session widely described as the largest crypto derivatives liquidation event on record, with roughly $19 billion in futures positions forcibly unwound as prices slid sharply off their highs. CryptoQuant contributor Darkfost argues the damage was structural as much as directional: open interest fell by about 70,000 BTC in a single day, wiping out months of leverage build-up and leaving speculation struggling to re-form. He claims that the Oct. 10 flush was “really the one that pushed BTC into a bear market” because of the speed and magnitude of liquidity destruction in futures. Why October 10 Was The Bitcoin Bear Market Beginning Darkfost pointed to a collapse in open interest measured in BTC terms. “In a single day, around 70,000 BTC were wiped out from Open Interest, bringing it back to its April 2025 levels,” he wrote. “That’s the equivalent of more than six months of Open Interest accumulation erased in one session. Since then, Open Interest has been stagnating and struggling to rebuild.” Related Reading: Bitcoin Bear Market Signal Emerges: Supply in Loss Rises Above 40% The implication is less about the specific catalyst for the selloff and more about market structure after it. In Darkfost’s telling, the Oct. 10 event wasn’t just a price move; it was a sudden reduction in the market’s capacity to carry leverage, which tends to compress speculative activity across the complex. “Liquidity destruction in an already uncertain crypto market environment is not conducive to a return of speculation, which is nonetheless a key component of the crypto market,” he added. That view resonated with Bitcoin Capital, which replied that “nothing has been the same after 10/10,” adding that “it actually feels like something broke.” Darkfost’s response was blunt about the path back: “It needs to be rebuilt and it can takes months …” In a follow-up post, Darkfost widened the lens beyond derivatives, describing an environment where spot participation has also cooled. He said Bitcoin is entering a fifth consecutive month of correction, with the October 10 event as a major driver due to its impact on futures liquidity, but “not the only factor at play.” Related Reading: 70% Bitcoin Crash Incoming? CryptoQuant CEO Says It Depends On This He flagged broader liquidity pressure via stablecoin flows and supply. According to his figures, stablecoin outflows from exchanges have coincided with an approximate $10 billion decline in aggregate stablecoin market capitalization over the same period, an additional headwind for risk-taking, particularly when leverage is already being de-risked. Spot volumes, he argued, tell a similar story of disengagement. Since October, BTC spot volumes have been cut roughly in half, with Binance still holding the largest share at $104 billion. He contrasted that with October levels when Binance volume “had nearly reached $200B,” alongside $53 billion on Gate.io and $47 billion on Bybit. Darkfost characterized the contraction as a return to “levels among the lowest observed since 2024,” and read it as weaker demand rather than simply a lull in activity. The current setup, he wrote, “remains uncertain and does not encourage risk-taking,” arguing that a durable recovery would require monitoring liquidity conditions and, “above all,” seeing spot trading volumes return. At press time, Bitcoin traded at $78,723. Featured image created with DALL.E, chart from TradingView.com
