As a seasoned crypto investor with a decade of experience under my belt, I must admit that Coinbase’s strategic move to expand its meme coin offerings is nothing short of intriguing. While I’ve had my fair share of successes and losses in this volatile market, I can’t help but feel a sense of nostalgia when it comes to meme coins. After all, who could forget the Dogecoin craze that took the world by storm a few years ago?
Coinbase, a well-known crypto exchange, just broadened its selection of meme coins available on its global platform. This decision aims to cater to the increasing interest in meme coins from an ever-growing community of traders and investors.
The update encompasses the integration of two meme-based cryptocurrencies: Memecoin (MEME) and Cats in a Dogs World (MEW). These meme coins have been capturing considerable attention and excitement among crypto enthusiasts recently.
As a researcher, I’m excited to announce that starting from August 8, 2024, at least 9:30 am UTC and beyond, Coinbase International Exchange will introduce support for perpetual futures trading of three intriguing digital assets: Cat in a Dogs World (MEW), Memecoin, and Jasmycoin. This expansion marks the launch of our MEW-PERP, MEME-PERP, and JASMY-PERP markets on both Coinbase International Exchange and Coinbase Advanced. Let’s dive into the world of these fascinating coins together!
In May of this year, Coinbase introduced the ability to trade perpetual futures contracts for popular meme coins like Bonk, FLOKI, and Shiba Inu on both its international exchange and advanced trading platforms.
On its latest update, Coinbase International Exchange has activated the full trading capabilities for the DYM-PERP, MKR-PERP, and AAVE-PERP markets, making them available for trading on both Coinbase International Exchange and Coinbase Pro (Advanced).
Coinbase posts $1.45 billion revenue in Q2
Based on Bloomberg’s report, Coinbase Global witnessed a twofold increase in both profits and revenue during the second quarter of 2021, reflecting the ongoing recovery of the cryptocurrency market.
At America’s leading crypto exchange, earnings reached a notable $1.45 billion – just a touch above the projected figures by Bloomberg analysts. The net profit amounted to $36 million, which translates to approximately 14 cents per share, considering an impairment charge was factored in.
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2024-08-02 18:29