Coinbase launches PEPE Perpetual Futures

Coinbase has announced the launch of full trading for its 1000PEPE-PERP market on both Coinbase International Exchange and Coinbase Advanced.

The cryptocurrency exchange posted on its X (formerly known as Twitter) that it will now support Pepe perpetual futures.

Following this announcement the meme coin saw its price climb to $0.000007 showing a 14.42% increase, and jump nearly 9% in 24 hours according to CoinMarketCap.

Furthermore, PEPE is the only memecoin sitting comfortably in the top 10 with gains over the past 24 hours.

Most notably, since the beginning of 2024, memecoins have recorded a significant growth with the highest growth recorded in march when it reached its peak.

After the temporary delay for the launch of its 1000PEPE-PERP market due to technical reasons, the exchange announced that it will add support for Pepe Perpetual futures on Coinbase International exchange and Coinbase advanced.

The new date set for the opening of the 1000PEPE-PERP market will begin on or after 9:30 am UTC. on 23rd April 2024.

The perpetual futures contract, 1000PEPE-PERP is named after the meme-inspired Pepe the Frog, representing a new and unique offering. By introducing this market to its trading platforms, it marks a significant expansion in the trading capabilities available to Coinbase users.

Coinbase Advanced, an advanced trading platform will also offer seasoned traders enhanced financial instruments within the dynamic cryptocurrency marketplace. It offers a wide range of trading options that include market orders, limit orders, stop orders, and stop-limit orders.

Implementing these futures offerings is very important for the continuous expansion of Coinbase and to help reach a broader audience. The exchange remains at the forefront of its diversification in financial products and will continue to offer options to meet global demands in the growing digital asset sector.
 
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