Coinbase Partners with TradingView for Perpetual Swaps
TradingView has entered into an agreement with Coinbase to provide perpetual swaps on a wide variety of cryptocurrencies.
About the Announcement
TradingView recognizes the increasing interest in perpetual swaps for cryptocurrencies. They have partnered with Coinbase to provide new perpetual swaps on cryptocurrencies. Traders can analyze the movements of their favourite cryptocurrencies such as Bitcoin, Litecoin, and more.
The decision to partner with Coinbase was made keeping their reputation in mind. The company was founded in 2012 and has grown to become the third-largest cryptocurrency exchange in the world. They process trading volumes worth billions of dollars each day. Coinbase has built operations in over 100 countries and continues to expand.
TradingView has a long relationship with Coinbase. TradingView has leveraged Spot data for various securities available on the platform. The new agreement is an expansion of the existing partnership to provide extensive Futures data as well.
The access to the new data suite will include several contracts that are part of Coin50. Coin50 is Coinbase’s own index that serves as a global benchmark for the top 50 biggest digital assets in terms of market capitalization. The new data is live and has been added to the trading platform.
Impact on Traders
This agreement between TradingView and Coinbase will come as welcome news to users of the trading platform. Cryptocurrency trading has been increasingly becoming more popular. Now, with Bitcoin hitting fresh highs and crossing six-figures in valuation, the global interest in cryptocurrencies can be said to be at all-time highs.
Thanks to the agreement, traders will be able to access data on not just spot securities but also futures securities within the cryptocurrency space. Further, they will be able to access several contracts of digital assets included in the Coin50 index.
About TradingView
TradingView is one of the most popular and widely used trading platforms, globally. Their platform also includes a social media network for traders to connect. The company was founded in 2011 and has offices in New York City as well as London.
About Coinbase
Coinbase operates one of the largest cryptocurrency exchanges in the world. The company is highly popular and well-respected in the blockchain space and has spread operations to over 100 countries. The company is listed on American stock exchanges and has become a completely distributed and remote-first organization.
Summing Up
Overall, this is welcome news for traders who use TradingView. Many traders are interested in data on cryptocurrencies, including Futures contracts. This partnership will help TradingView establish itself as a bigger stakeholder within the cryptocurrency industry as well.
