Coinbase Listing Shiba Inu, Floki, Bonk Perpetual Futures

Coinbase,
one
of
the
leading
cryptocurrency
exchanges,
has
revealed
plans
to
roll
out
perpetual
futures
contracts
for
three
prominent
meme
coins:
Shiba
Inu
(SHIB),
FLOKI,
and
BONK.
These
perpetual
futures
contracts
will
be
accessible
for
trading
on
Coinbase
International
Exchange
and
Coinbase
Advanced
platforms.

Coinbase
Expands
Derivatives
Offering
with
SHIB,
FLOKI,
and
BONK

Coinbase
International
Exchange
in
a
post
on
X
on
May
23
announced

Bonk,
FLOKI,
and

Shiba
Inu

perpetual
futures
listing.
The
support
for
additional
meme
coins
by
the
crypto
exchange
indicates
massive
meme
coins
trading
on
the

Coinbase

International
Exchange
and

Coinbase

Advanced.

Users
can
start
trading
1000BONK-PERP,
1000FLOKI-PERP,
and
1000SHIB-PERP
from
9:30
am
UTC
on
May
30,
2024.
These
new
futures
contracts
reflect
Coinbase’s
strategic
effort
to
provide
a
diversified
trading
experience
for
crypto
enthusiasts
and
investors.

Meme
coins
Shiba
Inu,
Floki,
and
Bonk
are
likely
to
witness
a
massive
upside
momentum
after
the
listing
next
week.
Dogecoin,
Pepe
Coin,
and
dogwifhat
meme
coins
are
among
the
most
traded
crypto
on
the

Coinbase

International
Exchange
and

Coinbase

Advanced.

Coinbase
International
Exchange
also
opened
trading
for
ONDO-PERP,
PYTH-PERP,
and
ZETA-PERP
today,
increasing
the
crypto
supported
by
the
platform
to
47
cryptocurrencies.
The
derivatives
trading
exchange
recorded
$1.27
billion
in
trading
volumes
today,
with
total
open
interest
rising
to
$33.39
million.

Also
Read:
Coinbase
Loses
Supreme
Court
Case
Over
Dogecoin
Dispute

SHIB,
FLOKI,
BONK
to
Rally?

Listing
on
Coinbase
platforms
will
be
a
major
catalyst
for
price
upsurge
in
Bonk,
FLOKI,
and

Shiba
Inu.
Traders
didn’t
react
immediately
to
the
announcement,
but
these
meme
coins
are
likely
to
witness
a
rally
similar
to
PEPE
after
Coinbase
announced
the
listing.

SHIB
price
is
down
5%
in
the
past
24
hours
and
1%
up
in
a
week.
The
price
is
currently
trading
at
$0.00002451.
The
24-hour
low
and
high
are
$0.00002409
and
$0.00002568,
respectively.
Furthermore,
the
trading
volume
has
decreased
by
30%
in
the
last
24
hours,
indicating
a
decline
in
interest
among
traders.

FLOKI
price
has
dropped
2%
in
the
last
24
hour
after
a
more
than
10%
jump
last
week,
with
trading
volumes
still
intact
on
the
higher
trend.

Meanwhile,
BONK
price
jumped
5%
in
the
last
24
hours,
with
the
price
currently
trading
at
$0.00003488.
The
price
has
rallied
over
46%
in
a
week
and
55%
in
a
month.

Also
Read:
Gary
Gensler
Praises
US
SEC’s
Achievements
in
Court
on
Crypto
Cases