Coinbase International Announces Listing Perpetual Futures for PEPE (PEPE)

IconCrypto News Terminal22 Apr, 2024

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Coinbase International Announces Listing Perpetual Futures for PEPE (PEPE)

Coinbase International, the cryptocurrency derivatives exchange of Coinbase, has announced the listing of perpetual futures for PEPE (PEPE) on April 23 at 6:30 PM (UTC) via X. The listing of 1000PEPE-PERP, which will trade at 1000 times the underlying market price, was originally scheduled for April 18 at 6:30 PM. This move by Coinbase International is a significant step for the PEPE ecosystem, as it will provide traders with a more efficient and convenient way to trade PEPE. Perpetual futures are a type of financial contract that allows traders to speculate on the future price of an asset without having to take physical delivery of the underlying asset. This makes them a popular choice for traders who want to speculate on the price of PEPE without having to hold the physical asset. The listing of PEPE perpetual futures on Coinbase International is expected to increase liquidity for PEPE and make it easier for traders to hedge their positions. It is also likely to attract new traders to the PEPE ecosystem, which could lead to increased demand for PEPE and higher prices.

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