In a recent and significant development, Coinbase International, the overseas branch of the Coinbase exchange, has achieved a remarkable milestone by listing its 100th perpetual futures contract. This achievement showcases Coinbase's dedication to offering a wide range of trading options and expanding its global footprint. As Coinbase International shared in a recent X post, "We’ve officially listed our 100th perpetual future on Coinbase International Exchange. That’s 100 unique opportunities for you to diversify, trade, and grow."
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Significance of the 100th Perpetual Futures Listing
This milestone holds great importance for Coinbase's international exchange. It not only demonstrates the platform's growth and success but also provides traders with an extensive array of trading instruments. The addition of the 100th perpetual futures contract expands the trading possibilities, allowing investors to diversify their portfolios and explore new markets. With this achievement, Coinbase continues to solidify its position as a leading player in the cryptocurrency trading space.Moreover, the listing of these perpetual futures contracts is expected to have a positive impact on the global cryptocurrency market. It attracts more attention and interest from traders and investors worldwide, further fueling the growth and development of the industry.Upcoming Perpetual Futures Listings on Coinbase International
Notably, Coinbase's 100th perpetual futures listing is just the beginning. The platform is set to boost its offerings with four upcoming perpetual futures listings: Moo Deng, Algorand, The Sandbox, and Mog Coin. These additions are expected to bring even more excitement and opportunities to traders.Coinbase will provide support for Moo Deng, Algorand, The Sandbox, and Mog Coin perpetual futures on Coinbase International Exchange and Coinbase Advanced. As stated in an X post, "The opening of our MOODENG-PERP, ALGO-PERP, SAND-PERP, and 1000MOG-PERP markets will begin on or after 9:30 am UTC 12 DEC 2024."Mog Coin, a meme token launched on Ethereum's layer-1 blockchain, has gained significant attention. After Coinbase announced on Dec. 3, 2024, that it would be added to their listing roadmap, the token's value surged by over 20%, bringing its market cap close to $1 billion. Currently, Mog Coin is ranked among the top 150 cryptocurrencies by market capitalization.Coinbase's decision to add Mog Coin to its listing roadmap follows similar success stories for other meme tokens like Moo Deng (MOODENG). When Moo Deng was listed, it saw a dramatic 80% surge in value.Algorand positions itself as an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistent high throughput, and cheap fees. Since December 1st, the Algorand (ALGO) network has witnessed a remarkable 300% increase in the number of active addresses, jumping from 123,000 to over 427,000. This exponential growth, driven by increased adoption and the growing use of blockchain technology, has propelled the ALGO price to a peak of $0.6133.The Sandbox is a virtual world where users can create, own, and monetize their game experiences using NFTs and the SAND token. In the last 24 hours, the SAND token has risen by 0.63% to $0.90, indicating the platform's continued growth and popularity.