Shiba Inu (SHIB), BONK, and Floki (FLOKI) Secure Major Coinbase Listing, Boosting Market Presence

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<ul>
  <li>Coinbase, America's largest cryptocurrency exchange, is set to list new meme coins for its perpetual futures contract.</li>
  <li>This move includes popular tokens like Shiba Inu (SHIB), Bonk (BONK), and Floki (FLOKI).</li>
  <li>Coinbase's decision to list these meme coins is expected to attract significant attention from the crypto community.</li>
</ul>
<p><strong>Coinbase's latest listing of meme coins for perpetual futures contracts is set to shake up the crypto market, offering new trading opportunities for global users.</strong></p>
<h2><strong>Coinbase Perpetuals To List New Meme Coins</strong></h2>
<p>On May 24, Coinbase International Exchange announced that it will start offering perpetual futures contracts for three doggy-themed meme coins, Shiba Inu, Bonk, and Floki. The crypto exchange made the official statement in an X (formerly Twitter) post, highlighting that the above cryptocurrencies will commence trading officially on Thursday, May 30, on or after 9:30 am.</p>
<h3><strong>Strategic Expansion of Derivatives Market</strong></h3>
<p>This move will signify the integration of Shiba Inu, Bonk, and Floki into Coinbase’s derivatives market, opening up trading for these popular coins to the crypto exchange’s extensive user base. Given that Coinbase limits perpetual futures trading to non-US customers, this strategic move is poised to expand more trading opportunities for global crypto enthusiasts.</p>
<p>Additionally, the crypto exchange has disclosed that trades will be conducted on Coinbase International Exchange and Coinbase Advanced, a subsidiary trading platform designed specifically for more experienced traders.</p>
<p>Coinbase has also revealed the upcoming launch of 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP. This implies that the new listing will feature smart contracts multiplied by 1,000 for derivatives traders on the exchange.</p>
<h2><strong>Shiba Inu, BONK And FLOKI Gain Momentum</strong></h2>
<p>Following Coinbase’s listing declaration, Shiba Inu, Bonk, and Floki witnessed new gains. Despite experiencing marginal declines over the past week, SHIB’s price has slightly rebounded by 4.55% in the last 24 hours, now trading at $0.000024.</p>
<p>BONK, which saw the highest gains between SHIB and FLOKI, rose significantly by 12.73%, pushing its price to $0.000036 at the time of writing. Meanwhile, Floki experienced a notable 7.75% increase, driving its price up to $0.00023.</p>
<p>While Coinbase’s new derivatives listing may have potentially bolstered the prices of these cryptocurrencies, their daily trading volume has recorded a significant decline. According to CoinMarketCap, Shiba Inu’s 24-hour trading volume plummeted by 54.93%, Floki witnessed a decline of 40.44%, and Bonk experienced a substantial 47.56% drop.</p>
<p>Although this decline in trading activity underscores pessimistic investor sentiment, SHIB, BONK, and FLOKI have been steadily gaining momentum despite market volatility and prevailing conditions.</p>
<h3><strong>Conclusion</strong></h3>
<p>Coinbase's decision to list Shiba Inu, Bonk, and Floki for perpetual futures contracts highlights the growing interest in meme coins within the crypto market. While the initial reaction has been positive in terms of price gains, the decline in trading volume suggests a cautious approach from investors. As these meme coins continue to gain momentum, it will be interesting to observe how they perform in the long term and whether they can sustain their popularity amidst market fluctuations.</p>