As a researcher with extensive experience in the crypto space, I find Coinbase International’s announcement of perpetual futures for Shiba Inu (SHIB) and other meme coins an intriguing development. Perpetual futures, which replicate the price action of the underlying asset without an expiry date, have gained popularity among traders due to their flexibility. It is worth noting, however, that this feature is currently available only for non-US clients in select jurisdictions.
Coinbase International is set to add Shiba Inu (SHIB) and other popular meme coins to its perpetual futures market in the near future.
As a financial analyst, I would explain it this way: Perpetual futures and traditional futures serve similar purposes, as they both aim to mirror the price movements of their underlying assets. The key distinction lies in their durations. Unlike traditional futures that come with an expiration date, perpetual futures do not have a set end. This feature enables investors to hold them indefinitely.
As a researcher investigating Coinbase’s trading products, I came across their perpetual futures contracts. Notably, these contracts are accessible exclusively to non-US traders residing in specific authorized regions.
As a researcher studying the latest developments in the cryptocurrency market, I’ve come across an intriguing exchange platform that provides perpetual futures contracts for various digital assets. Among these currencies are Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Bitcoin Cash (BCH), and Pepe (PEPE), to name a few.
As a researcher studying recent developments in the digital asset exchange market, I’ve come across an exciting announcement made by Coinbase earlier this month. According to their statement, they are making steady progress towards introducing gold and oil futures to their platform in response to increasing demands from experienced traders.
I served as an analyst examining the financial market landscape. Last May, I noted that Coinbase launched its offshore derivatives exchange. Come September, I was pleased to announce that this platform received regulatory approval, enabling it to extend its futures offerings to users beyond the United States borders.
Meme coins plunge
The price of SHIB is down more than 4% over the past 24 hours, according to CoinGecko.
Meanwhile, dogwifhat (WIF) has slipped by as much as 7%, underperforming other meme coins.
Bonk (BONK) is the only meme cryptocurrency in the green after adding 3%.
Meme coins are struggling due to the larger crypto market downturn, with Bitcoin potentially dropping below the $67,000 mark.
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2024-05-23 21:54