Coinbase Suspends Futures Trading for Three Altcoins

Coinbase has announced it will suspend futures trading for three altcoins: TRIA-PERP, NEO-PERP, and IMX-PERG, on June 4th. The suspension applies only to futures trading and does not affect spot market trading. According to the announcement, all open positions on the exchange will be automatically closed at the time of trading halt.

The final settlement price for these altcoins will be calculated based on the average index price during a 60-minute period prior to the trading halt. Additionally, Coinbase has stated that the funding rate will be set to zero for the last funding period prior to the final settlement.