Coinbase Advanced Crypto Platform Lists Perpetual Futures for Shiba Inu, Floki, and Bonk

Coinbase, a leading cryptocurrency exchange, is set to introduce perpetual futures contracts for Shiba Inu (SHIB), FLOKI, and BONK on its Coinbase International Exchange and Coinbase Advanced platforms. Trading for these contracts will begin at 9:30 am UTC on May 30, 2024, under the symbols 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP. This expansion into meme coin derivatives aligns with Coinbase's strategy to diversify trading options and cater to the growing interest in these types of digital assets. The listing is anticipated to drive significant market activity, mirroring past rallies seen with other meme coins such as Pepe Coin. Recent trading metrics also reveal a robust trading volume of $1.27 billion today, with total open interest on the platform reaching $33.39 million. As the launch date approaches, these meme coins are expected to experience substantial price movements, potentially echoing the surges seen in other listed cryptocurrencies.