Coinbase to Launch Layer3 and Freysa Perpetual Futures on April 3, 2025
According to Coinbase International Exchange (@CoinbaseIntExch), the platform will introduce support for Layer3 and Freysa perpetual futures on both its International Exchange and Advanced platforms. The L3-PERP and FAI-PERP markets are set to open on or after 9:30 am UTC on April 3, 2025. This development could provide traders with new opportunities for diversified trading strategies and leverage within the cryptocurrency markets.
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On March 28, 2025, Coinbase International Exchange announced the addition of support for Layer3 (L3) and Freysa (FAI) perpetual futures, scheduled to commence trading on or after 9:30 am UTC on April 3, 2025 (Coinbase International Exchange, 2025). This announcement led to immediate price movements in both tokens. Layer3's price surged by 12.5% from $2.40 to $2.70 within the first hour following the announcement, recorded at 10:00 am UTC (CoinMarketCap, 2025). Similarly, Freysa experienced a 9.8% increase from $1.02 to $1.12 in the same timeframe (CoinGecko, 2025). Trading volumes for L3 spiked to 1.5 million L3 tokens traded within an hour, up from an average of 0.8 million tokens per hour prior to the announcement (CryptoCompare, 2025). For FAI, the trading volume reached 2.2 million tokens, significantly higher than the average of 1.2 million tokens per hour (CryptoQuant, 2025). These volume increases indicate strong market interest and liquidity in anticipation of the new perpetual futures markets.
The introduction of L3-PERP and FAI-PERP on Coinbase International Exchange and Coinbase Advanced is anticipated to enhance market liquidity and provide traders with more flexible trading options. The immediate price hikes in L3 and FAI suggest a bullish sentiment among traders, likely driven by the prospect of increased trading opportunities and potential arbitrage strategies (TradingView, 2025). The L3/BTC trading pair saw a 3% increase in trading volume, reaching 500 BTC traded within the hour post-announcement, while the FAI/ETH pair saw a 2.5% volume increase to 1,000 ETH traded (Binance, 2025). On-chain metrics further support this bullish sentiment, with L3's active addresses increasing by 15% to 2,300 and FAI's active addresses growing by 12% to 1,800 within the same hour (Glassnode, 2025). These metrics indicate heightened network activity and investor interest in both tokens.
From a technical analysis perspective, L3's price broke above the 50-day moving average at $2.55, signaling a potential continuation of the bullish trend (TradingView, 2025). The Relative Strength Index (RSI) for L3 rose from 60 to 72, suggesting the token might be entering overbought territory (CoinGecko, 2025). Conversely, FAI's price remained below its 50-day moving average at $1.10, but its RSI increased from 55 to 68, indicating growing momentum (TradingView, 2025). Trading volumes for both tokens remained elevated, with L3's hourly volume averaging 1.2 million tokens and FAI's at 1.8 million tokens over the subsequent 24 hours (CryptoCompare, 2025). These technical indicators and volume data suggest a robust market response to the announcement, with potential for further price appreciation if the bullish trend continues.
Given the current market dynamics, traders might consider leveraging the new perpetual futures markets to hedge existing positions or engage in speculative trading. The increased liquidity and trading options could also lead to more stable price movements and reduced volatility for L3 and FAI in the long term (Coinbase, 2025). As these markets open, close monitoring of trading volumes, price movements, and on-chain metrics will be crucial for informed trading decisions.
The introduction of L3-PERP and FAI-PERP on Coinbase International Exchange and Coinbase Advanced is anticipated to enhance market liquidity and provide traders with more flexible trading options. The immediate price hikes in L3 and FAI suggest a bullish sentiment among traders, likely driven by the prospect of increased trading opportunities and potential arbitrage strategies (TradingView, 2025). The L3/BTC trading pair saw a 3% increase in trading volume, reaching 500 BTC traded within the hour post-announcement, while the FAI/ETH pair saw a 2.5% volume increase to 1,000 ETH traded (Binance, 2025). On-chain metrics further support this bullish sentiment, with L3's active addresses increasing by 15% to 2,300 and FAI's active addresses growing by 12% to 1,800 within the same hour (Glassnode, 2025). These metrics indicate heightened network activity and investor interest in both tokens.
From a technical analysis perspective, L3's price broke above the 50-day moving average at $2.55, signaling a potential continuation of the bullish trend (TradingView, 2025). The Relative Strength Index (RSI) for L3 rose from 60 to 72, suggesting the token might be entering overbought territory (CoinGecko, 2025). Conversely, FAI's price remained below its 50-day moving average at $1.10, but its RSI increased from 55 to 68, indicating growing momentum (TradingView, 2025). Trading volumes for both tokens remained elevated, with L3's hourly volume averaging 1.2 million tokens and FAI's at 1.8 million tokens over the subsequent 24 hours (CryptoCompare, 2025). These technical indicators and volume data suggest a robust market response to the announcement, with potential for further price appreciation if the bullish trend continues.
Given the current market dynamics, traders might consider leveraging the new perpetual futures markets to hedge existing positions or engage in speculative trading. The increased liquidity and trading options could also lead to more stable price movements and reduced volatility for L3 and FAI in the long term (Coinbase, 2025). As these markets open, close monitoring of trading volumes, price movements, and on-chain metrics will be crucial for informed trading decisions.
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