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Coinbase Listing Shiba Inu, Floki, Bonk Perpetual Futures

Shiba Inu, Floki, and Bonk scores perpetual futures contracts listings on Coinbase International Exchange and Coinbase Advanced crypto platforms, prices to rally?
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Coinbase Listing Shiba Inu, Floki, Bonk Perpetual Futures

Highlights

  • Coinbase International Exchange announces Shiba Inu (SHIB), FLOKI, and BONK perpetual contracts listing.
  • Users can start trading 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP from 9:30 am UTC on May 30.
  • SHIB, FLOKI, and BONK prices are likely to witness rally similar to Pepe Coin.

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.

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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

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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