The prominent crypto exchange Coinbase recently announced its plans to include additional memecoin assets on its platform. This comes shortly after it listed BONK, FLOKI and Shiba Inu (SHIB) in May.
Coinbase Embraces the Memecoin Trend
In an earlier X post, the crypto trading platform announced that it has expanded its memecoins stash. The new tokens added include Memecoin (MEME), Cats in a Dogs World (MEW), and Jasmycoin perpetual futures.
@CoinbaseIntExch will add support for cat in a dogs world, Memecoin, and Jasmycoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our MEW-PERP, MEME-PERP, and JASMY-PERP markets will begin on or after 9:30am UTC 8 AUG 2024. pic.twitter.com/4XdvjT53hQ
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) August 1, 2024
These product offerings, MEW-PERP, MEME-PERP, and JASMY-PERP will go live on all the exchange’s global trading platforms at 9:30 am UTC on August 8.
This significant move is a bid to offer its community of customers and investors a diverse range of crypto services to trade and invest in. Also, the decision reflects the exchange’s dedication to keeping up with the dynamic crypto market.
Lately, the exchange hopped on a bullish memecoin streak. In May, the exchange launched FLOKI perpetual futures trading alongside Bonk and Shiba Inu on its platform. Shortly after, the exchange rolled out DYM-PERP, MKR-PERP, and AAVE-PERP markets.
This recent update comes after the exchange announced the opening of its altcoin’s pre-launch market trading for its international users in June.
Coinbase Shines Brilliantly
The U.S. largest crypto exchange is prominent for making a big impact on the digital markets with its major advancements.
Impressively, the exchange recorded a strong financial performance this year. Coinbase Global saw its profits and revenue doubled as the crypto market recovery persisted into the second quarter of this year.
Its revenue surged to $1.45 billion while net income stood at $36 million.
The crypto community is speculating that its smart wallet product introduced in June may have played a significant role in this massive market success. Amidst its financial success, Coinbase is still at legal war with the U.S. Securities and Exchange Commission (SEC).
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