In a significant development announced recently, Coinbase, the largest cryptocurrency exchange by volume in the USA, plans to list three new altcoins in its perpetual futures contracts. Jupiter (JUP), Tensor (TNSR), and Jito (JTO) are the cryptocurrencies mentioned for futures trading, which will be available on Coinbase International Exchange and Coinbase Advanced from 09:30 UTC on May 16, 2024, or later.
Listings from Coinbase
This decision by Coinbase appears to shed light on the company’s strategic moves. With this decision, Coinbase may be targeting cryptocurrencies that could experience significant price and volume movements in the future. The announcement made following this decision was as follows:
CoinbaseIntExch will add support for perpetual futures of @JupiterExchange $JUP, @tensor_hq $TNSR, and @jito_sol $JTO at Coinbase International Exchange and Coinbase Advanced. The markets for JTO-PERP, JUP-PERP, and TNSR-PERP will open on MAY 16, 2024, at 9:30 UTC or later.
This statement indicates that the list above follows the latest additions made by Coinbase International. These transactions could potentially attract attention following AR-PERP, HBAR-PERP, and THETA-PERP.
To put it differently, Coinbase’s decision regarding these new altcoins could play a significant role in supporting innovative crypto projects.
Prices of JUP, JITO, TNSR
Following the listing announcement, all three altcoins experienced price movements. As of this writing, Jupiter (JUP) is trading at $1.09, reflecting a 5.35% gain in the last 24 hours with a trading volume exceeding $132 million. This significant price movement has placed JUP at the 62nd position in the CoinMarketCap volume rankings, pushing its market value above $1.47 billion.
Meanwhile, Jito (JTO) saw a slight decrease of just under 1%, with the price remaining at $3.83. The altcoin‘s 24-hour trading volume stands at $197 million, ranking it 143rd on the CMC volume list with a market cap of $465 million.
On the other hand, Tensor (TNSR) experienced a positive price movement of 10%, finding buyers at $0.812191 with a daily volume exceeding $79 million. TNSR’s ranking in terms of volume on CMC is 424, attributed to its market value of $106 million.
