The cryptocurrency market started to recover again after the loss of altitude. The leading crypto Bitcoin rose towards 65 thousand dollars after seeing below 63 thousand dollars. Altcoins also follow a parallel course. In this atmosphere, the leading crypto exchange Coinbase announced futures trading for 3 altcoins. Now investors are watching whether this listing, which previously had a positive impact on PEPE, will also have a bearish effect on these tokens.
Coinbase will launch futures for AEVO, ENA and ETHFI!
cryptokoin.comAs you follow from , crypto exchanges have recently accelerated their token listings. Exchanges that keep their fingers on the pulse of their users evaluate the requests and add new tokens to their lists. This is not only valid for spot transactions. In this context, Coinbase, one of the major crypto exchanges, announced that it will launch futures transactions for 3 tokens. In this context, the stock exchange made the following statement:
CoinbaseIntExch will add support for Aevo, Ethena, and Etherfi perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our AEVO-PERP, ENA-PERP and ETHFI-PERP markets will begin on or after 12:30 CET on May 2, 2024.
Investors closely follow exchanges’ token listings as they affect the price of the relevant token. Although sometimes the impact of the list is minimal or ineffective, most of the time it has a positive impact. For example, recently Coinbase listed PEPE in futures. The impact of this on the meme coin price was bullish.
PEPE also entered Coinbase’s futures list!
Recently, the price of Pepe Coin (PEPE), a popular Solana meme coin, has seen a significant increase. This increase comes on the heels of Coinbase’s continued futures listing. Moreover, PEPE has witnessed a rise in open interest. Coinbase launched Pepe Coin perpetual futures on Tuesday, April 23. However, this launch was postponed as it was previously scheduled to list on April 18.
Previously, the meme coin suffered a depreciation when the exchange postponed the Pepe Coin futures listing. While the price drop was triggered by a general bearish trend, the delayed launch accelerated the decline. However, the crypto community was happy to watch Coinbase embrace Pepe Coin. Because the two sides had had an argument before. Coinbase exchange once marked Pepe Coin as a “hate symbol.” However, the conflict eventually cooled. Moreover, now the crypto exchange has taken a significant step by introducing PEPE perpetual futures on its platform.
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