Coinbase News: Coinbase Lists Binance Coin Perpetual Futures, Sparking Price Impact Discussions

Coinbase Global Inc. has made a significant move in the cryptocurrency market by announcing the listing of Binance Coin (BNB) perpetual futures trading on its international exchange. This development, coupled with the UK’s recent actions in freezing millions in crypto assets, highlights the dynamic and evolving nature of the crypto space.

Coinbase to List Binance Coin Perpetual Futures, Potential Price Impact?

Coinbase Global Inc (NASDAQ: COIN) has announced the listing of Binance Coin (BNB) perpetual futures trading on its international exchange and advanced platform starting on or after April 3, 2023. This move has sparked discussions about its potential impact on BNB’s price amid growing market volatility.

UK Freezes Millions in Crypto Since Implementing New Powers

UK authorities have frozen approximately £6 million ($7.7 million) in crypto since new enforcement powers came into effect in April 2024. These measures allow police, law enforcement agencies, and HMRC to freeze suspicious cryptocurrency wallets for up to three years. The largest single freezing order was for £1.5 million worth of cryptocurrency held in a wallet hosted by Coinbase. Court documents reveal this order was requested by HMRC and issued at Newcastle Upon Tyne Magistrates’ Court. The total frozen amount could be higher, as court data only covers the past six months due to legal restrictions. These new powers aim to address the growing use of digital currencies for money laundering and other illegal activities.