Coinbase International Exchange unveiled the availability of perpetual futures contracts for trading the Pepe meme coin.
Starting April 18, PEPE futures trading on Coinbase International and Coinbase Pro platforms is now accessible.
Starting from 9:30 a.m. UTC on April 18, PEPE perpetual contracts will be available for trading on both Coinbase International and Coinbase Advanced, which is the professional version of the exchange offered by Coinbase International.
Coinbase announcement
In the midst of recent market updates, PEPE experienced a significant surge in value, amounting to approximately 10% increase based on CoinMarketCap data. Over the past day, PEPE‘s price climbed by around 6.5%, settling at $0.0000074.
Before now, Coinbase expressed hesitance over adding PEPE due to its connection to offensive symbols. But the announcement to offer PEPE futures suggests a change in stance, possibly driven by strong market interest and the popularity of meme coins.
PEPE is the fourth largest meme coin with a market value of $3 billion. The buzz surrounding meme coins, including PEPE‘s popularity as a significant Ethereum (ETH) token, may have prompted Coinbase to consider offering PEPE futures trading.
PEPE’s value experienced a remarkable jump of 350% within a week at the start of March, placing it as the third largest meme coin in terms of market capitalization. This impressive growth represents a staggering 600% increase over the past month. The recent trend of substantial purchases and sales signifies a strong sense of “Extreme Greed” among PEPE investors, indicating their high level of enthusiasm for this asset.
Read More
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- “Tornado Cash’s TORN Token: Riding the Rollercoaster of Sanction Roulette!”
- The Weeknd’s ‘Hurry Up Tomorrow’ Billboard 200 Projections
- Australia implements sweeping ban on credit and crypto for online betting
- EXCLUSIVE: Mrs star Sanya Malhotra recalls seeing Shah Rukh Khan for 1st time and it’s not on Jawan sets; ‘Mujhey ek mahina…’
- Roseanne Barr Has A Wild New TV Show About A Farmer Who’s ‘Saving’ America, And She’s Comparing It To The Sopranos
- David Taylor Takes You on a Tour of His Aluminum Explorations
- Invincible Season 4 Already in the Works, According to J.K. Simmons!
- Broadway Box Office: Idina Menzel in ‘Redwood’ Sees Strong Start
2024-04-11 23:21