Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Coinbase lists WIF perpetual futures contract as it unveils plans for Aevo, Ethena, and Etherfi

Source Fxstreet

WIF perpetual futures is now trading on Coinbase International Exchange and Coinbase Advanced.
WIF stagnates alongside the crypto market as it's down on Thursday.
Aevo, Ethena, and Etherfi perpetual futures contracts will go live on Coinbase on May 2.

Dogwifhat (WIF) perpetual futures began trading on Coinbase International Exchange and Coinbase Advanced on Thursday. However, the futures contract failed to trigger a rally for the popular dog-themed meme coin.

Also read: Dogwifhat crashes 60%, but here's why you should not buy WIF yet

WIF fails to rally after perpetual futures listing on Coinbase

WIF's perpetual futures listing on Coinbase follows that of PEPE's on April 23, which saw the Bitcoin-based meme coin experiencing a surge.

According to Coinbase's announcement, limit, market, and stop limit orders are available for the token's perpetual futures.

Our WIF-PERP market is now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. pic.twitter.com/8g660ztGsk
— Coinbase International Exchange ️ (@CoinbaseIntExch) April 25, 2024

It's important to note that US customers won't have access to WIF's perpetual futures on the Coinbase International Exchange and Coinbase Advanced platforms.

Since its listing, the WIF token saw a slight price increase, with a 0.9% rise.

Read more: Meme coins experience a price correction as BOME, WIF, PEPE, and FLOKI fall

Unlike its PEPE counterparts, which saw huge pumps, investors appeared to have ignored leveraging WIF's perpetual futures as a buy signal. This is most likely due to the general crypto market decline, which has seen several coins stagnate, including many from the meme category.

Coinbase, on the other hand, appears to be showing more support for young cryptocurrency projects on its international platforms. It plans to list Aevo, Ethena, and Etherfi perpetual futures on May 2.

The statement was made public in an X post on Thursday.

@CoinbaseIntExch will add support for Aevo, Ethena, and Etherfi perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our AEVO-PERP, ENA-PERP, and ETHFI-PERP markets will begin on or after 9:30am UTC on 2 MAY 2024. pic.twitter.com/41tyomtH0I
— Coinbase International Exchange ️ (@CoinbaseIntExch) April 25, 2024

Also read: WIF price hits all-time high, defying crypto market decline and Bitcoin price crash

As the perpetual futures of these tokens launch in May, they may see a quick rally if traders give more attention to them.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Silver price forecast: XAG/USD rises to near $61.40 as US yields retreat, NFP eyed Silver price (XAG/USD) is up 0.55% to near $61.38 during the late Asian trading session on Friday. The white metal edges up as rally in United States (US) Treasury Yields has hit a pause.

Author FXStreet

Oct 02, Fri

Silver price (XAG/USD) is up 0.55% to near $61.38 during the late Asian trading session on Friday. The white metal edges up as rally in United States (US) Treasury Yields has hit a pause.

WTI Price Forecast: Hangs near four-week low, around $89.00 as bears seem noncommittal West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts sellers for the second straight day on Monday and sticks to its intraday losses around the $89.00 mark through the early European session.

Author FXStreet

Yesterday 08: 13

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts sellers for the second straight day on Monday and sticks to its intraday losses around the $89.00 mark through the early European session.

Gold holds steady below $4,150 amid elevated US yields Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.

Author FXStreet

12 hours ago

Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.

AUD/USD Price Forecast: Struggles to return to 0.7000 amid firm US Dollar The Australian Dollar (AUD) gives back its early gains after rising to near 0.6975 and turns marginally lower at around 0.6964 against the US Dollar (USD) during the European trading session on Tuesday.

Author FXStreet

5 hours ago

The Australian Dollar (AUD) gives back its early gains after rising to near 0.6975 and turns marginally lower at around 0.6964 against the US Dollar (USD) during the European trading session on Tuesday.

Popular Symbols