In a recent development in the dynamic cryptocurrency universe, one of the market's leading cryptocurrency exchanges, Coinbase, announced that it will enable perpetual futures trading of the Solana-based memecoin WIF (SOL).
In an official statement on April 18, the company revealed that Coinbase International Exchange (CIE) and Coinbase Advanced will offer trading in perpetual cryptocurrency futures at the end of April. Dogwifehat (WIF).
According to information released by Coinbase International Exchange, the platform's services for its customers outside the United States will hold the opening of perpetual futures trading for the Solana-based meme cryptocurrency on April 25 at 9:30 am UTC.
“@CoinbaseIntExch will add support for dogwifhat perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our WIF-PERP will begin at 9:30 am UTC on April 25, 2024”, stated the company in a publication on the X platform.
@CoinbaseIntExch will add support for dogwifhat perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our WIF-PERP will begin on or after 9:30am UTC on 25 APR 2024. pic.twitter.com/gIXr3XKXrV
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 18, 2024
In light of the news, the price of WIF memecoin showed a surprising increase, rising more than 20% in the last day. At the time of publication, the price of Dogwifhat was quoted at US$2,94, up 19.8% in the last 24 hours. The increase comes amid the market's attempt to recover after the lows recorded in recent days. WIF memecoin trading volume in 24 hours was $837.920.507.
It should promote that, on April 17, Coinbase International reported the postponement of the launch of a perpetual futures offering based on the Pepe (PEPE) memecoin. “We are temporarily delaying the launch of our 1000PEPE-PERP marketplace for technical reasons. We will provide an updated schedule as soon as possible,” the exchange said in its official statement.
