According to Coinbase International Exchange, trading for MOVE-PERP has been officially suspended, and all remaining open positions were automatically settled at the final price of $0.17322 USDC, based on the 60-minute average index price before the halt (Source: @CoinbaseIntExch, May 27, 2025). This decisive action eliminates MOVE-PERP exposure, impacting traders who relied on MOVE-contract volatility strategies. The settlement standardizes risk management and may drive traders toward alternative derivatives, affecting liquidity and volatility in related crypto perpetual markets.

According to Coinbase International Exchange (@CoinbaseIntExch), the final settlement price for derivatives contracts will be determined as the average index price over the 60 minutes prior to trading suspension. Additionally, the funding rate will be set to zero for the final funding period before final settlement, reducing unexpected costs for traders during contract expiration. This update provides greater transparency and predictability for crypto derivatives traders, minimizing funding rate volatility and potential liquidation risks during settlement (Source: Coinbase International Exchange Twitter, May 27, 2025).

According to official exchange announcements, the final settlement price for affected crypto contracts will be determined by averaging the index price over the 60 minutes prior to trading suspension, with the funding rate set to zero for the final period before settlement (source: official exchange notice). This means traders should anticipate price stabilization in the last hour of trading, as funding cost volatility will be eliminated. Such measures can reduce unexpected funding rate-driven price swings and help traders better manage risk and position closure strategies, especially for perpetual and futures contracts.

According to Coinbase International Exchange, the final settlement price for contracts will be determined by averaging the index price over the 60 minutes leading up to the trading suspension. Additionally, the funding rate will be set to zero for the final funding period before settlement.