Coinbase announced the addition of a permanent contract transaction function to Base App, with eligible users trading more than 290 markets with up to 50 times the leverage available through Hyperliquid. The product is not currently open to the United States, the United Kingdom, Canada or other areas that restrict encryption-leveraging derivatives.

Access Hyperliquid to execute transaction

This new feature places the permanent contract entrance directly in Base App, but the actual set-up and execution was done by Hyperliquid. The tradables include bitcoin, Ethers, and markets that are partially linked to stocks and commodities.

The durability contract is a derivative, and the user can bet on a price rise or fall without holding a spot. Unlike traditional futures, such contracts do not have maturity dates, but when the leverage is magnified, a certain level of loss triggers greater parity.

  • Number of tradable markets: over 290
  • Transaction time: Support 7x24 hours
  • Maximum leverage: 50 times, depending on assets

Coinbase bet on high-frequency transaction requirements

The chief of the Coinbase project, Chintan Turakhia, states that the contract is about 75% of the current number of encrypted transactions and is one of the most frequently requested functional requirements of the Base App active user. The company would like to use this to keep more high-frequency transaction requirements in its own product system, while retaining the use of its own wallet.

For Coinbase, this access also means that Base App continues to move from a single wallet tool to a comprehensive encryption entry. Users do not need to leave the existing wallet interface to call Hyperliquid's mobility and speed of implementation.

Base App focuses on transactions and payments

This update also reflects changes in the direction of Base App's products. Coinbase changed its wallet brand to Base App a year ago, trying to integrate transactions, socialization, news, AI tools and creators into the same application.

But by July this year, the Base founder Jesse Pollak no longer dominated the application. He had previously acknowledged that social and creator tokens had not led to the expected growth of users. By contrast, the forecast market, the durability of contracts and the stabilization currency have proved to be more useful for use, and Base ' s focus has returned to trade, payment and AI agents.