Coinbase International has introduced pre-launch markets for emerging crypto projects, following the lead of centralized exchanges like Binance and Bybit. This feature allows users to trade perpetual futures contracts on tokens before their official launch. Institutional investors can access this through Coinbase International, while retail traders can use Coinbase Advanced. The pre-launch market assets have an initial margin cap of 50% and a notional position limit of $50,000 per token. However, developers caution that these markets carry higher risks due to lower liquidity and increased volatility. Additionally, pre-launch instruments are not covered by the exchange's Liquidity Support Program, raising the possibility of auto-liquidation. There is also a chance that pre-launch tokens may not progress to full listing. Coinbase International, established in May 2023, operates under a class F license from the Bermuda Monetary Authority. Read more AI-generated news on: https://app.chaingpt.org/news