TL;DR
- Coinbase International will launch the altcoin Scroll (SCR) for futures trading on October 22, 2024, starting at 12:30 PM UTC.
- Scroll is a Layer 2 scaling solution for Ethereum that utilizes zero-knowledge (ZK) proof technology to enhance scalability and reduce costs.
- This addition follows the recent inclusion of Scroll on Binance, indicating a growing interest from major exchanges.
Coinbase International, the global futures division of the leading U.S. cryptocurrency exchange, has announced its intention to offer Scroll (SCR) for futures trading.
This decision is part of the platform’s expansion strategy, which continues to diversify its list of available assets for users. The launch of the perpetual futures market for Scroll (SCR-PERP) is scheduled to begin on October 22, 2024, starting at 12:30 PM UTC. This comes alongside the recent addition of Scroll on the Binance platform, as major exchanges in the crypto industry are showing significant interest in this new altcoin.
@CoinbaseIntExch will add support for Scroll perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our SCR-PERP market will begin on or after 12:30 pm UTC 22 OCT 2024. $SCR pic.twitter.com/Kg59hGtaCI
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) October 22, 2024
Scroll is a Layer 2 scaling solution for the Ethereum network. It utilizes zero-knowledge (ZK) proof technology to improve the scalability and efficiency of the ecosystem. This type of technology allows for efficient validation of off-chain transaction execution on the main chain, reducing computational load and transaction costs.
Coinbase Aims to Capitalize on the Growing Popularity of Scroll (SCR)
By implementing ZK proofs, Scroll not only optimizes transaction speed but also minimizes the impact on network resources, which is critical for the effective functioning of Ethereum.
The main objective of Scroll is to enhance the overall performance of Ethereum and provide a user-friendly and accessible development environment for programmers. This is crucial given the enormous demand for solutions that facilitate ETH’s scalability. It could be a key factor in attracting more developers to the platform, fostering the creation of decentralized applications that leverage improved scalability.
Coinbase International aims to stay at the forefront of the cryptocurrency futures market by capitalizing on the growing interest in innovative altcoins like Scroll. As the launch date approaches, attention focuses on how this new product will affect the trading dynamics of SCR and its impact on the Ethereum ecosystem
