Coinbase to List Catizen (CATI) on Futures Market

Sep 24, 2024 at 8:41 AM

Coinbase Embraces Catizen: Unlocking New Crypto Trading Opportunities

Coinbase, the leading US-based cryptocurrency trading platform, has announced plans to list Catizen (CATI) on its futures market. This move comes on the heels of Catizen's recent debut on major exchanges like Binance, OKX, and others, reflecting the growing momentum surrounding this Telegram-linked token.

Unlocking the Potential of Catizen: A Transformative Crypto Opportunity

Coinbase Introduces Catizen Perpetual Futures

Coinbase's decision to list Catizen perpetual futures on its International Exchange and Advanced platforms, starting September 26th at 9:30 a.m. UTC, presents traders with a new asset to explore. This derivative contract allows users to speculate on CATI price fluctuations without the pressure of an expiration date, offering greater flexibility and control over their trades.The introduction of Catizen perpetual futures aligns with the surging interest in the token, which was launched just days ago. Catizen, a Telegram-linked tap-to-earn game, has rapidly gained the attention of leading cryptocurrency exchanges, with platforms such as Binance, OKX, Bybit, KuCoin, and Bitget already listing the CATI token.

Catizen: Revolutionizing the Telegram Gaming Ecosystem

Catizen stands out from other Telegram-based games by offering players a unique experience. Instead of the typical tap-to-earn mechanic, players manage a virtual cat café where visitors interact with cats, generating monetary earnings. This strategic layer sets Catizen apart from simpler models, providing a more engaging and rewarding gameplay experience.The Catizen token runs on the TON blockchain, with the tap-to-earn game boasting an impressive user base of over 39 million users in total. The game has 18 million active monthly users and generated around $26 million from in-game purchases. Telegram CEO Pavel Durov has praised Catizen, stating that the game "brought in more than $16 million in revenue from in-app purchases in July" and "introduced millions of people to blockchain because it uses TON-based smart contracts for its in-game rewards."

Tapping into the Telegram Ecosystem: The Future of Web3 Gaming

As Catizen gains mainstream attention, investors are increasingly recognizing the potential of tap-to-earn games within Telegram's vast ecosystem. Telegram's low acquisition costs and seamless crypto integration provide a scalable infrastructure for projects like Catizen and Hamster Kombat, highlighting the long-term viability of Web3 gaming.Animoca Brands co-founder and executive chairman Yat Siu believes that "the next 100 to 200 million users in Web3 will come from Telegram and its gaming ecosystem." This sentiment underscores the transformative impact that Catizen and similar Telegram-based games can have on the broader Web3 landscape.

CATI Token Performance: Riding the Wave of Crypto Momentum

According to BeInCrypto data, the CATI token is currently trading at $0.800356, up by almost 5% since the Tuesday session opened. This price movement reflects the growing interest and demand for the Catizen token, as investors and traders alike seek to capitalize on the platform's expanding user base and revenue potential.As Coinbase's listing of Catizen perpetual futures further enhances the token's accessibility and trading opportunities, the CATI price is poised to continue its upward trajectory, potentially attracting even more attention from the crypto community.