Coinbase International Exchange announced the launch of perpetual futures trading for a Pepe meme coin. 
Pepe (PEPE) futures trading on Coinbase International and Coinbase Advanced platform&nbsp;<a href="https://twitter.com/CoinbaseIntExch/status/1778453459315904565" target="_blank" rel="">will be available</a>&nbsp;from April 18. 
<blockquote class="wp-block-quote"> 
 “Coinbase International Exchange will list PEPE perps on Coinbase International and Coinbase Advanced and commence trading on or after 9:30 a.m. UTC on April 18.” <cite>Coinbase announcement</cite>
</blockquote> 
Amid the news, PEPE’s value reacted with an immediate rise of nearly 10%, according to CoinMarketCap. PEPE showed a 6.5% gain over the previous 24 hours, reaching $0.0000074. 
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 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/04/PEPE_1D_graph_coinmarketcap-1024x495.jpeg.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="495" src="https://crypto.news/app/uploads/2024/04/PEPE_1D_graph_coinmarketcap-1024x495.jpeg" alt="Coinbase to launch perpetual futures for PEPE - 22"> 
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 <figcaption class="wp-element-caption">
 24-hour chart of PEPE from CoinMarketCap
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Previously,&nbsp;<a href="https://crypto.news/tag/coinbase/" target="_blank" rel="">Coinbase</a>&nbsp;<a href="https://x.com/pauly0x/status/1778463169108689084?s=46&amp;t=z-3qPWdjSvlm0gpO8OOLdQ" target="_blank" rel="">had</a> reservations about listing PEPE, citing its association with controversial hate symbols. However, the decision to list PEPE&nbsp;<a href="https://crypto.news/tag/perpetual-futures/" target="_blank" rel="">futures</a>&nbsp;indicates a shift, likely influenced by market demand and the meme coin trend. 
PEPE is the fourth largest&nbsp;<a target="_blank" href="https://crypto.news/tag/meme-coin/" rel="">meme coin</a>&nbsp;by market capitalization, valued at $3 billion. The market’s enthusiasm for meme coins and PEPE’s prominence as a leading Ethereum (<a target="_blank" href="https://crypto.news/price/ethereum/" rel="">ETH</a>) token likely influenced Coinbase’s decision to explore futures trading for PEPE. 
PEPE’s value surged 350% in a week at the&nbsp;<a href="https://crypto.news/pepe-bull-run-millionaires/" target="_blank" rel="">beginning of March</a>, making it the third-largest meme coin by market capitalization with a 600% monthly increase. The meme coin’s current momentum, marked by significant withdrawals and investments, underscores a widespread “Extreme Greed” sentiment among its investors. 
 Read more: <a href="https://crypto.news/mining-difficulty-new-high/" rel=""> Bitcoin mining difficulty marks new high before halving </a>

Coinbase to launch perpetual futures for PEPE

crypto.news

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