Pepe Coin Spikes on Coinbase International Plan to List Perpetual Futures

April 11, 2024
The Last Cryptocurency
CoinDesk Feed
CoinDesk Feed

Popular meme coin pepe (PEPE) jumped on the news that Coinbase International Exchange, the U.S.-based crypto exchange’s off-shore arm, will open a perpetual futures market for the token next week.

The exchange said in an X post that it will list PEPE perps on Coinbase International Exchange and Coinbase Advanced and commence trading on or after 9:30 a.m. UTC on April 18.

The news sparked hopes among traders that it could foreshadow a potential spot listing for the fourth largest memecoin, boasting a $3 billion market capitalization.

PEPE gained as much as nearly 10% immediately after the announcement before paring most of the gains. At press time, the token had pulled back to about a 3% advance over the past 24 hours.

Edited by Stephen Alpher.

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