Pepe Coin Spikes on Coinbase International Plan to List Perpetual Futures

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

jumped on the news that Coinbase International Exchange, the U.S.-based crypto exchange's off-shore arm for institutions, will open a perpetual futures market for the token next week.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.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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