Coinbase Listing Shiba Inu, Floki, Bonk Perpetual Futures

Coinbase, a prominent cryptocurrency exchange, has unveiled plans to introduce perpetual futures contracts for three notable meme coins: Shiba Inu (SHIB), FLOKI, and BONK. These perpetual futures contracts will be available for trading on Coinbase International Exchange and Coinbase Advanced platforms.

Coinbase Expands Derivatives Offering with SHIB, FLOKI, and BONK

Coinbase International Exchange announced the listing of Bonk, FLOKI, and Shiba Inu perpetual futures in a post on May 23. The support for additional meme coins by the crypto exchange suggests the growing popularity and trading volume of these assets on Coinbase International Exchange and Coinbase Advanced.

Users will be able to commence trading 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP from 9:30 am UTC on May 30, 2024. These new futures contracts align with Coinbase's strategy of offering a comprehensive trading experience for crypto enthusiasts and investors.

Meme coins like Shiba Inu, Floki, and Bonk are expected to experience significant upward momentum following their listing next week. Dogecoin, Pepe Coin, and dogwifhat are among the most traded meme coins on Coinbase International Exchange and Coinbase Advanced.

Coinbase International Exchange also launched trading for ONDO-PERP, PYTH-PERP, and ZETA-PERP today, expanding the platform's supported cryptocurrencies to 47. The derivatives trading exchange recorded a trading volume of $1.27 billion today, with total open interest amounting to $33.39 million.