Cryptocurrency exchange Coinbase has announced support for Pepe perpetual futures as the asset price has surged as a result. Indeed, Coinbase took to X (Formerly Twitter) to unveil the newly developed support for the meme coin futures option that will begin today.
Thereafter, the asset saw its price rally to surpass $0.000007, and jump nearly 9% in 24 hours according to CoinMarketCap. Those gains are the continuation of a brilliant seven-day stretch, where the meme coin had increased by almost 40%. Subsequently, it appears set to kick off May with an uptrend in motion.
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PEPE Gets Perpetual Futures Support at Coinbase
Throughout 2024 thus far, meme coins have been thriving. Indeed, the assets had p particularly impressive March, when meme coin mania kicked into full gear. Although that celebrated newcomers such as Dogwifhat (WIF) and Book of Meme (BOME), it also saw its mainstays surge in value.
Now, one of those meme coins is seeing increased value as April enters its final week. Specifically, cryptocurrency exchange Coinbase has announced introduced support for Pepe perpetual futures. Subsequently, the asset has seen its price perform immensely well on the heels of the announcement.
Also Read: Pepe Coin Forecasted To Surge 100%: Here’s When
The exchange announced that the 1000PEPE-PERP market is set to officially arrive at 9:30 am UTC. Moreover, Coinbase Advanced is also set to echo this activity, allowing more seasoned traders the opportunity to utilize advanced market instruments.
Overall, the implementation of these futures offerings is important for the continued expansion of the exchange. It has remained at the forefront of its diversification in financial products. Therefore, it has continued presenting options to meet differing global demands across the vast and ever-expanding digital asset sector.