Coinbase Will List These 3 Altcoins! Dogecoin Lost Its Case!

Coinbase will list Bonk (BONK), Floki Inu (FLOKI), and Shiba Inu (SHIB) on the futures market. Due to the stagnation in the market, the announcement did not cause any significant movement in cryptocurrencies. Meanwhile, the exchange lost the 2021 Dogecoin giveaway case with the Supreme Court ruling against the exchange’s arguments. Judge Ketanji Brown Jackson also rejected the exchange’s warning that a ruling would invite legal turmoil.

Coinbase International lists 3 meme coins in futures

cryptokoin.comAs you follow from , the leading cryptocurrency exchange continues to increase its listing options. In a recent development, Coinbase announced that it will add support for BONK, FLOKI, and SHIB perpetual contracts to Coinbase International Exchange and Coinbase Advanced. The exchange will launch the 1000BONK-PERP, 1000FLOKI-PERP and 1000SHIB-PERP markets on May 30 at 12:30 UTC or later. In this context, the stock exchange made the following announcement:

CoinbaseIntExch will add support for Bonk, FLOKI, and Shiba Inu perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of the 1000BONK-PERP, 1000FLOKI-PERP and 1000SHIB-PERP markets will begin on or after 12:30 EST on May 30, 2024.

Coinbase lost the Dogecoin case!

The US Supreme Court ruled against the crypto exchange regarding the Dogecoin giveaway. This legal battle started in 2021. It was a $1.2 million lawsuit. The court’s decision is a turning point for the stock market. Because, the Supreme Court said, a California court correctly exercised its authority to decide whether Coinbase could force users into arbitration.

Judge Ketanji Brown-Jackson said in the decision that the court, not the arbitrator, will decide which contract will apply in arbitration. The Supreme Court also rejected the exchange’s warning that a ruling against it would invite legal turmoil. Coinbase v. The opinion in Suski emphasized that arbitration is a matter of “contract and consent” and that when there are disputes over competing contracts a court must decide the primary agreements between the parties. In this regard, the court gave the following verdict:

We conclude that a court, not an arbitrator, must decide whether the parties’ first agreement is invalidated by the second. The Ninth Circuit’s decision was affirmed.

Background of the Dogecoin case

Exchange users claimed that they were forced to pay $100 for a giveaway related to Dogecoin in 2021. Suski claimed that the marketing company Coinbase hired to run the giveaway used “false and misleading” tactics. In this way, he argued, participants concealed the free entry option.

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