Coinbase to add perpetual futures for AERO, BEAM and DRIFT

Coinbase announced the upcoming support for perpetual futures for Aerodrome Finance, Beam and Drift Protocol.

Perpetual futures trading for Aerodrome Finance (AERO), Beam (BEAM), and Drift (DRIFT) will go live on U.S.-based exchanges Coinbase International Exchange and Coinbase Advanced, announced Jan. 9.

Specifically, Coinbase plans to begin trading on January 16, 2025 for the AERO-PERP, BEAM-PERP, and DRIFT-PERP markets. Assets are expected to become active at or after 09:30 UTC.

Perpetual futures, or “criminals,” offer contracts through which investors can speculate on the price of cryptocurrency or other assets.

Unlike futures contracts, perpetrators do not have an expiration date. Coinbase announced the launch of perpetual futures trading in May 2023 and expanded the service to retailers outside the US in September. Recent offender lists for crypto tokens include support for ORDI, WLD, and PEPE.

Following the latest announcement, Aerodrome Finance, Beam and Drift prices saw slight increases, with all three falling to intraday lows along with other cryptocurrencies. However, all three assets (AERO, BEAM, and DRIFT) remain in the red as of this writing, falling earlier in the day as Bitcoin (BTC) struggles for upside momentum.

Aerodrome Finance is a decentralized exchange on Base and offers liquidity solutions for a variety of digital assets. Beam operates a gaming network powered by the BEAM token. Following Avalanche’s Etna upgrade, Beam moved to a full-fledged Layer 1 blockchain, unlocking new possibilities for network growth.

Drift, meanwhile, is a decentralized exchange (DEX) based in Solana that allows users to trade, earn, and participate in prediction markets.