Coinbase to Suspend FTM-PERP Trading; Price Dip Ahead?

In a recent X post, Coinbase announced that it has decided to suspend trading for Fantom-PERP effective January 24, 2025, from around 10:30 AM UTC. FTM-PERP trades will be terminated on both Coinbase International Exchange and Coinbase Advance, with the final price to be settled according to a pre-determined method. The funding rate will be set to zero before the final settlement concerning the final funding period. Then, it will automatically settle open positions, if any, at the time of suspension. This development has left FTM traders worried about the future price of Fantom tokens. FTM is currently being traded at $0.6895 which is up over 4% in the last 24 hours.