Pepe Meme Coin Futures Launch on Coinbase, Price Climbs 5%

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Coinbase International, the global division of a renowned cryptocurrency trading platform, introduces Pepe (PEPE) perpetual futures starting April 18th. This significant advancement marks an essential milestone in their continuous growth. With these funds, traders can now handle ongoing price fluctuations without worrying about expiration dates. Pepe perpetual futures enable speculative trading based on anticipated price shifts, eliminating the need for asset ownership.

The announcement caused Pepe’s meme coin value in trading to rise by more than 4%. Currently, according to Coingape’s latest price update, PEPE is being traded at $0.0000074291035. Earlier today, it reached a high of $0.000007431.

Pepe Coin Reaches $3.1 Billion Market Cap

Pepe coin, introduced in April 2023, ranks fourth among meme coins regarding market capitalization. With a reported value of $3.1 billion according to CoinGecko, it’s a significant player in this sector. The moniker “Pepe the Frog” graces this coin, which is derived from a popular webcomic character. However, the creator, Matt Furie, has faced controversies due to the widespread adoption of his creation. In response, he has taken legal measures to safeguard the character and minimize any potential misuse.

Previously, there were disputes between Coinbase labeling Pepe as a hate symbol and the community, causing concern. In contrast, presently, the community is preoccupied with the new listing, representing the ongoing debate among states. This listing not only bestows extra legitimacy to the currency but also boosts its trading activity.

Coinbase Enhances User Experience

Recently, Coinbase unveiled additional features for its users, allowing UK residents to buy Bitcoin, Ethereum, and other cryptocurrencies using Apple Pay. This new integration ensures a safe and confidential transaction process, consistent with Coinbase’s dedication to prioritizing user security and privacy.

Coinbase explains that Apple Pay doesn’t keep your card numbers on their devices or in their servers. Instead, they use a distinct device account number for each transaction, which is encrypted and safely stored. This approach prioritizes user privacy and security, making transactions more convenient and secure with Coinbase.

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2024-04-12 07:59