---
title: "Coinbase to launch perpetual futures for PEPE"
url: https://diffcoin.com/coinbase-to-launch-perpetual-futures-for-pepe/
description: "Coinbase International Exchange announced the launch of perpetual futures trading for a Pepe meme coin"
published: 2024-04-11
updated: 2024-04-11
author: "Mila"
site: "Diffcoin"
---

# Coinbase to launch perpetual futures for PEPE

Coinbase International Exchange announced the launch of perpetual futures trading for a Pepe meme coin.

Pepe (PEPE) futures trading on Coinbase International and Coinbase Advanced platform [will be available](https://twitter.com/CoinbaseIntExch/status/1778453459315904565) from April 18.

> “Coinbase International Exchange will list PEPE perps on Coinbase International and Coinbase Advanced and commence trading on or after 9:30 a.m. UTC on April 18.”
> 
> Coinbase announcement

Amid the news, PEPE’s value reacted with an immediate rise of nearly 10%, according to CoinMarketCap. PEPE showed a 6.5% gain over the previous 24 hours, reaching $0.0000074.

![Coinbase to launch perpetual futures for PEPE - 1](https://crypto.news/app/uploads/2024/04/PEPE_1D_graph_coinmarketcap-1024x495.jpeg)

24-hour chart of PEPE from CoinMarketCap

Previously, Coinbase had reservations about listing PEPE, citing its association with controversial hate symbols. However, the decision to list PEPE futures indicates a shift, likely influenced by market demand and the meme coin trend.

PEPE is the fourth largest meme coin by market capitalization, valued at $3 billion. The market’s enthusiasm for meme coins and PEPE’s prominence as a leading Ethereum (ETH) token likely influenced Coinbase’s decision to explore futures trading for PEPE.

PEPE’s value surged 350% in a week at the beginning of March, making it the third-largest meme coin by market capitalization with a 600% monthly increase. The meme coin’s current momentum, marked by significant withdrawals and investments, underscores a widespread “Extreme Greed” sentiment among its investors.

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