Cryptocurrency exchanges’ listing announcements and other partnership news directly impact altcoin prices. Today’s announcement, similar to a listing, is likely to show effects in the medium and long term. What are the details of the announcement made by Coinbase?
Meme Coin News
Coinbase International Exchange’s official account recently shared an important announcement. The US-based crypto giant’s global exchange announced it will list 3 new altcoins in futures trading. This move could bring more demand for the respective altcoins in futures, potentially creating a multiplier effect in possible rallies in the medium and long term. Currently, the general market sentiment is turning negative, and BTC is lingering below $68,000. Therefore, we see that the announcement has not triggered significant movement in altcoins. The announcement for SHIB, BONK, and FLOKI is as follows;
“Coinbase International Exchange and Coinbase Advanced will add support for Bonk, FLOKI, and Shiba Inu futures. The 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP markets will open on May 30, 2024, at 9:30 UTC or later.”
