Coinbase, the leading U.S. cryptocurrency exchange, is set to broaden its crypto futures trading platform by listing three new altcoins: Jupiter (JUP), Tensor (TNSR), and Jito (JTO). These perpetual futures contracts will be available for trading on Coinbase International Exchange and Coinbase Advanced starting on or after 09:30 UTC on May 16, 2024.

The addition of these new futures contracts reflects Coinbase's commitment to providing a diverse trading experience for both cryptocurrency enthusiasts and institutional investors. Traders will have access to various order types, including limit, market, stop, and stop limit, allowing them to manage their positions effectively.

The JTO-PERP, JUP-PERP, and TNSR-PERP market launches are expected to offer opportunities for speculators and hedgers across different assets. This move follows recent additions to Coinbase International's perpetual futures offerings, including AR-PERP, HBAR-PERP, and THETA-PERP, as well as AEVO-PERP, ENA-PERP, and ETHFI-PERP.

Coinbase's expansion into these new altcoins aligns with its broader goal of supporting innovative crypto projects. By offering a wide range of futures and options products, the exchange aims to cater to the diverse interests and requirements of modern traders.

The news of these new listings has generated excitement among traders, leading to increased trading activity for the listed altcoins. Jupiter (JUP), currently priced at $1.09, experienced a 5.35% gain in the last 24 hours, with a trading volume exceeding $132 million. JUP holds the #62 position on CoinMarketCap, with a market cap surpassing $1.47 billion.

Jito (JTO) saw a 3.09% dip in its trading price, standing at $3.83, with a 24-hour volume exceeding $197 million. The altcoin ranks #141 on CoinMarketCap, with a market cap of over $465 million.

Tensor (TNSR) reported a positive 3.60% price movement, trading at $0.812191, with a daily volume of over $59 million. TNSR currently holds the #439 position on CoinMarketCap, with a market cap of over $101 million.

Coinbase's decision to list these new perpetual futures contracts demonstrates its commitment to providing a comprehensive and innovative trading platform for the cryptocurrency market. As the adoption of digital assets continues to grow, Coinbase's strategic moves aim to position the exchange as a leader in the futures and options landscape.