Coinbase's Off-Shore Arm to Introduce Perpetual Futures Market for Pepe (PEPE)

2024/04/12 12:34

Amidst news of Coinbase International Exchange, the U.S.-based crypto exchange's off-shore institutional arm, unveiling plans to launch a perpetual futures market for meme coin Pepe (PEPE) next week, the token experienced a surge in value.

Coinbase Ventures into Perpetual Futures Market for Pepe (PEPE)

Traders anticipate potential spot listing following Coinbase's announcement to list PEPE perps on Coinbase International Exchange and Coinbase Advanced. Trading is set to commence on or after 9:30 a.m. UTC on April 18.

The announcement stirred optimism among traders, prompting a nearly 10% surge in PEPE's value upon release. However, the token later retraced most of its gains, settling at a modest 3% increase over the past 24 hours.

Pepe

Coinbase

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