Shiba

Bitcoin Cash

Dogecoin

Cardano

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Coinbase International has <a href="https://x.com/CoinbaseIntExch/status/1793672989814452653" rel="noopener noreferrer nofollow">announced</a> an upcoming perpetual futures listing for Shiba Inu (SHIB) and other meme coins.&nbsp;
Just like traditional futures, perpetual futures are meant to replicate the price action of the underlying asset. However, the difference is that they have no expiry date, which essentially means that they can be held indefinitely.&nbsp;
It is worth noting that Coinbase's perpetual futures are available only for non-US clients in select jurisdictions.&nbsp;
The exchange offers perpetual futures for a slew of cryptocurrencies, including Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Bitcoin Cash (BCH), Pepe (PEPE), and so on.&nbsp;
Earlier this month, Coinbase also announced that it was on track to launch gold and oil futures due to growing demand from sophisticated traders.&nbsp;
<a href="https://u.today/just-in-coinbase-now-allows-xrp-trading-in-new-york" rel="noopener noreferrer nofollow">Coinbase</a> opened its offshore derivatives exchange last May. In September, it received a regulatory nod to offer its futures to users outside the US.&nbsp;
<h2 id="meme-coins-plunge">Meme coins plunge&nbsp;</h2>
The price of <a href="https://u.today/shiba-inu-shib-whales-waking-up-details" rel="noopener noreferrer nofollow">SHIB</a> is down more than 4% over the past 24 hours, according to CoinGecko.&nbsp;
Meanwhile, dogwifhat (WIF) has slipped by as much as 7%, underperforming other meme coins.&nbsp;
Bonk (BONK) is the only meme cryptocurrency in the green after adding 3%.&nbsp;&nbsp;&nbsp;&nbsp;
Meme coins are underperforming due to a broader cryptocurrency market crash. Bitcoin is currently on track to lose the $67,000 level.&nbsp;

Perpetual Futures for Shiba Inu (SHIB) and Other Meme Coins Added by Coinbase

Table of Contents

U_Today

Other articles published on May 23, 2024

Shiba Inu Price Predictions Emerge

Transaction Surge and Cost Reduction Propel XRP Ledger to 88 Million Ledgers

Hong Kong Ethereum ETF Record Low Trade Volume Amid Ethereum Rally

Ethereum-Based Memecoins Experience Significant Price Surge

Cardano Price Forecast: Can ADA Strike $1 On Exploding DeFi TVL?

XRP Price Prediction: Sellers Still in Game, What’s Next For XRP?

Join our free newsletter for daily crypto updates!