Coinbase, a leading cryptocurrency exchange, announced the listing of perpetual futures contracts for the meme coins Shiba Inu (SHIB), FLOKI, and BONK on its Coinbase International Exchange and Advanced platforms, with trading set to start at 9:30 am UTC on May 30, 2024. This move marks a significant expansion in Coinbase’s derivatives offerings, adding to the diversity and depth of trading options available to crypto investors and enthusiasts. These listings are expected to drive considerable trading activity, given the popularity of meme coins on the platform.
The introduction of 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP futures contracts reflects Coinbase’s strategy to capitalize on the meme coin trend, which has seen a substantial following within the crypto community. With the platform already supporting 47 cryptocurrencies and recording $1.27 billion in trading volumes, the addition of these meme coin futures is poised to further enhance its market position and offer traders more opportunities for diversification and speculation in the volatile crypto market.
