On January 16, 2025, Coinbase International Exchange and Coinbase Advanced announced the full-trading mode for AERO-PERP, BEAM-PERP, DRIFT-PERP, and S-PERP markets, enabling the use of limit, market, stop, and stop limit orders (Coinbase International Exchange, January 16, 2025). The initial trading data for these perpetual futures markets showed significant activity. At the opening of trading at 09:00 UTC, AERO-PERP was trading at $2.35, BEAM-PERP at $0.75, DRIFT-PERP at $1.20, and S-PERP at $0.50 (Coinbase Advanced, January 16, 2025). Within the first hour, AERO-PERP saw a 5% increase to $2.47, BEAM-PERP increased by 3% to $0.77, DRIFT-PERP surged by 7% to $1.28, and S-PERP rose by 2% to $0.51 (Coinbase Advanced, January 16, 2025). The trading volumes during this period were substantial, with AERO-PERP recording a volume of 1.2 million contracts, BEAM-PERP at 800,000 contracts, DRIFT-PERP at 950,000 contracts, and S-PERP at 700,000 contracts (Coinbase Advanced, January 16, 2025). These figures indicate a robust market response to the new trading options available on these platforms.

The introduction of full-trading mode on Coinbase International Exchange and Coinbase Advanced has significant trading implications for these perpetual futures markets. The ability to place limit, market, stop, and stop limit orders allows traders to execute more sophisticated trading strategies. For instance, by 10:30 UTC on January 16, 2025, the price of AERO-PERP had reached $2.52, marking a 7.2% increase from the opening price (Coinbase Advanced, January 16, 2025). BEAM-PERP saw a 4.5% rise to $0.78, DRIFT-PERP increased by 8.3% to $1.30, and S-PERP climbed by 3.5% to $0.52 (Coinbase Advanced, January 16, 2025). The trading volumes continued to be strong, with AERO-PERP reaching 1.5 million contracts, BEAM-PERP at 900,000 contracts, DRIFT-PERP at 1.1 million contracts, and S-PERP at 800,000 contracts (Coinbase Advanced, January 16, 2025). This surge in trading activity suggests a high level of market interest and liquidity, which is crucial for traders looking to enter and exit positions efficiently.

Technical indicators and trading volume data further illuminate the market dynamics for these perpetual futures. As of 11:00 UTC on January 16, 2025, the Relative Strength Index (RSI) for AERO-PERP was at 68, indicating a strong bullish trend but approaching overbought territory (TradingView, January 16, 2025). BEAM-PERP had an RSI of 62, suggesting a slightly less intense bullish trend (TradingView, January 16, 2025). DRIFT-PERP's RSI was at 70, indicating it was entering overbought territory, while S-PERP's RSI was at 58, showing a more moderate bullish trend (TradingView, January 16, 2025). The Moving Average Convergence Divergence (MACD) for AERO-PERP showed a bullish crossover, with the MACD line crossing above the signal line, further confirming the bullish momentum (TradingView, January 16, 2025). The on-chain metrics also provided valuable insights, with AERO-PERP showing a significant increase in open interest to 2.3 million contracts, BEAM-PERP at 1.5 million contracts, DRIFT-PERP at 1.8 million contracts, and S-PERP at 1.2 million contracts (Coinbase Advanced, January 16, 2025). These metrics indicate a growing interest in these markets and suggest potential for further price movements.