It is known that listings by exchanges can hold significant importance in the cryptocurrency market. Decisions made by high-volume exchanges can have a much more significant impact due to the volume and influence they generate. A few minutes ago, Coinbase announced the listing of three new futures contracts.
Coinbase Listing
Coinbase announced that three different meme coins will be listed for futures trading. Coinbase is known for its significant market presence due to the volume it can generate in cryptocurrency transactions, and it is believed that there could be activity in the three meme coins as well.
The announcement made by Coinbase’s X account was as follows:
Coinbase International Exchange and Coinbase Advanced will add support for perpetual futures contracts for @CoinbaseIntExch, cat in a dogs world, Memecoin, and Jasmycoin. The opening of our MEW-PERP, MEME-PERP, and JASMY-PERP markets will begin at or after 9:30 AM UTC on August 8, 2024.
Following the news, attention turned to the three projects to be listed, but things did not seem to be going well there as visible declines in Bitcoin were reflected in the charts.
MEW, MEME, JasmyCoin Prices
After the decline in Bitcoin, the price dropped to $62,800, which also impacted altcoins. Looking at JasmyCoin first, the price dropped by 10% in the last 24 hours to $0.02673.
Secondly, looking at MEW, the decline was deeper. MEW’s price dropped by 20% in the last 24 hours to $0.005779, and its market cap fell to $513 million. After this decline, it ranks 112th in the market.
Lastly, looking at MEME, the price dropped by 10.4% to $291 million. MEME’s market cap fell to $291.6 million, while its 24-hour trading volume increased by 3.5% to $37.3 million.
