Coinbase is launching a futures trading feature for tokens that have not yet come to market. Traders will be able to participate in “pre-markets” by going long or short on unlaunched tokens with up to 2x leverage. 📈

However, pre-markets carry unique risks. The token may never launch, and Coinbase may remove tokens after they are officially launched.

This way, traders can "bet" on token projects that may never launch or be accepted by Coinbase.

Given the high level of risk of the preliminary markets, these markets are more susceptible to low liquidity, high volatility and increased risk of liquidation.

Coinbase has set strict limits on leverage, positions, and open interest for these markets.