The price of meme coin PEPE (PEPE) surged after Coinbase International Exchange, the offshore branch of the US crypto exchange, announced plans to launch a perpetual futures market for the token next week.
Coinbase announced via a recent update on its X platform that trading for PEPE perpetuals will be available on both Coinbase International and Coinbase Pro, starting from 9:30 a.m. UTC on April 18.
The announcement in the news brought optimism amongst traders, implying a possible upcoming listing on the major cryptocurrency exchange for the memecoin with a market value of $3 billion and ranking as the fourth largest.
PEPE experienced a significant surge of up to 10% right after the announcement, but later gave back most of those gains. Currently, the token has risen by approximately 3% during the previous 24-hour period.
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2024-04-11 19:44