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Cryptocurrency News Articles
Coinbase Lists Hamster Kombat (HMSTR) Token for Perpetual Futures Trading
Sep 27, 2024 at 10:30 pm
Coinbase has officially added support for Hamster Kombat, a tap-to-earn game on Telegram, by listing its token, HMSTR, for perpetual futures trading.
Coinbase has added support for Hamster Kombat (HMSTR) by listing the token on its perpetual futures trading platform, according to an announcement on Monday, September 26. This move enables traders to gain exposure to the price movements of HMSTR with up to 20x leverage.
The listing comes amid interest from several exchanges in the asset following its much-anticipated launch. This development has sparked speculation about the potential price changes for HMSTR, which has seen a significant drop since debuting.
The exchange is listing HMSTR for perpetual futures trading on both Coinbase International Exchange and Coinbase Advanced at 00:00 UTC on September 26. This addition aims to provide users with a broader range of trading options and enhance their asset management strategies.
This listing is expected to generate optimism in the crypto community, as such listings often lead to price increases for new assets. However, the price of HMSTR has taken a hit, decreasing by 43% to $0.007094, amid concerns over potential sell-offs from early holders.
Leading exchanges, including Binance, have also expanded their support for the token, with varying sentiments on its future trajectory. In the meantime, the broader cryptocurrency market is performing well, with Bitcoin surpassing $65,000 after a 3% increase in the last 24 hours.
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