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Coinbase Launches $PEPE Futures with 10X Leverage; Hits April ATH, Surges 20%

Apr 23, 2024, 01:21 PM

Coinbase has officially launched perpetual futures for the Ethereum-based memecoin, $PEPE, on its platforms Coinbase International Exchange and Coinbase Advanced. The new market offering, known as 1000PEPE-PERP, allows trading with up to 10X leverage and is available to traders outside the US and UK. This development has significantly impacted $PEPE's market performance, with an increase of up to 20% in its value following the listing and reaching an all-time high in April. The trading of these futures began on April 23, 2024, following an announcement that trading would start at 9:30 AM UTC. Additionally, there are 457 new $PEPE holders.