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The Pepe price soared 9% after <a href="https://insidebitcoins.com/news/coinbases-base-network-soars-amid-meme-coin-mania" rel="noopener noreferrer nofollow">Coinbase</a> announced that it will open a perpetual futures market for PEPE coin on its platforms next week.
Coinbase will list PEPE perpetual futures on both Coinbase International, the exchange’s off-shore arm for institutions, and Coinbase Advanced, according to an <a href="https://twitter.com/coinbaseintexch/status/1778453459315904565" rel="noopener noreferrer nofollow">X post</a> by the company. Trading is set to commence on or after Apr. 18 at 9:30 a.m. UTC.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/CoinbaseIntExch?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CoinbaseIntExch</a> will add support for Pepe perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our 1000PEPE-PERP market will begin on or after 9:30am UTC on 18 APR 2024. <a href="https://t.co/DKu8YPGRYB" rel="noopener noreferrer nofollow">pic.twitter.com/DKu8YPGRYB</a>
 — Coinbase International Exchange 🛡️ (@CoinbaseIntExch) <a href="https://twitter.com/CoinbaseIntExch/status/1778453459315904565?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 11, 2024</a>
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<h2 id="span-style-font-weight-400-pepe-price-rally-short-lived-as-traders-quickly-take-profit-span">Pepe Price Rally Short-Lived As Traders Quickly Take Profit</h2>
The frog-themed crypto’s <a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">price</a> managed to reach a 24-hour high of $0.000007536 following the announcement. It has since undergone a retracement to trade at $0.00000723 as of 3:20 a.m. EST. Despite the correction, the crypto is still up more than 8% on the weekly timeframe.
PEPE’s surge follows a similar move by its meme coin counterpart, <a href="https://insidebitcoins.com/news/coinbase-plans-dogecoin-futures-says-doge-has-transcended-meme-origins" rel="noopener noreferrer nofollow">Dogecoin</a>. The beloved dog-themed crypto rallied after Coinbase submitted documents to the Commodities Futures Trading Commission (CFTC) to launch futures trading products linked to the altcoin.
 Litecoin (LTC) and Bitcoin Cash (BCH) were also mentioned in the filing. These futures trading products went live on Apr. 1.
Coinbase Derivatives made use of the self-certification route under CFTC Regulation 40.2(a) to list the futures products. This allows the platform to enable trading for the cryptos without having to wait for approval from the CFTC. 
<h2 id="span-style-font-weight-400-doge-themed-presales-flourish-span">DOGE-Themed Presales Flourish</h2>
Aside from boosting <a href="https://insidebitcoins.com/visit/dogecoin20" rel="noopener noreferrer nofollow">Dogecoin</a> itself, the launch of DOGE futures also had a spillover effect, helping to ignite a frenzy around DOGE derivative meme coin presales. Dogecoin20 is one such project, which sold out in less than two weeks after raising over $10 million through its ICO.
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 The <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> exchange has quietly submitted documents to the <a href="https://twitter.com/hashtag/CFTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CFTC</a> for the listing of <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a>, <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Litecoin</a> <a href="https://twitter.com/hashtag/LTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LTC</a> and <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Cash <a href="https://twitter.com/hashtag/BCH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BCH</a> futures regulated in the USA (as early as April 1, 2024)
 "The first step towards launching futures ETFs for these altcoins???"<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://t.co/qDOVRCqv0a" rel="noopener noreferrer nofollow">pic.twitter.com/qDOVRCqv0a</a>
 — DOGE vs Crypto (@dogevscrypto) <a href="https://twitter.com/dogevscrypto/status/1770592195730452759?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 20, 2024</a>
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Investors are also flocking to the recently-launched <a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Dogeverse</a>, a multi-chain Dogecoin derivative that has received more than $2.8 million in funding through its presale in less than four days since its debut.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e" rel="noopener noreferrer nofollow">Upcoming Crypto Presales: Unlock Early Investment Opportunities!</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/chinas-harvest-may-be-first-fund-manager-to-launch-a-spot-bitcoin-etf-in-hong-kong-later-this-month" rel="noopener noreferrer nofollow">China’s Harvest May Be First Fund Manager To Launch A Spot Bitcoin ETF In Hong Kong Later This Month</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/multi-chain-meme-coin-presale-hits-2-1-million-could-this-be-the-next-crypto-gem" rel="noopener noreferrer nofollow">Multi-Chain Meme Coin Presale Hits $2.1 Million – Could This Be the Next Crypto Gem?</a></li>
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Pepe Price Soars After Coinbase International Announces Plan To List PEPE Perpetual Futures

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Inside Bitcoins

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