Welcome to Coinbase’s Latest Offerings
Discover the recent developments at Coinbase, including the addition of XRP trading for New York users and the introduction of perpetual futures contracts for meme coins like Shiba Inu, Bonk Inu, and Floki Inu. Dive into the details below.
‘Exciting News’ for Some XRP Traders 🚀
The leading US-based cryptocurrency exchange, Coinbase, has rolled out trading services for Ripple’s native token, XRP, specifically for users located in New York. This move enables residents of the region to engage in various activities involving XRP, such as buying, selling, converting, sending, receiving, and storing the asset through the Coinbase iOS and Android applications.
- This development led to a brief price spike for XRP, briefly surpassing $0.53 before correcting.
- Coinbase initially listed XRP in 2019 but had to delist it in the wake of legal issues. However, the platform relisted XRP in the summer of 2021 after certain legal victories.
- Other exchanges such as Kraken, Gemini, Crypto.com, and Bitstamp also introduced XRP trading around the same period.
Coinbase’s Pro-SHIB Move 🐕
In addition to the XRP updates, Coinbase is venturing deeper into the meme coin sector by supporting assets like Shiba Inu, Bonk Inu, and Floki Inu. This expansion includes launching perpetual futures contracts for 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP, set to go live on May 30.
- Perpetual futures contracts are derivative products allowing traders to speculate on digital asset prices without owning the assets.
- These contracts offer high leverage and do not have expiration dates, but users must maintain a certain margin level.
Find Out More 🚀
Hot Take 🔥
Stay tuned for further updates and opportunities to engage with these new features on Coinbase as it continues to expand its offerings to cater to a diverse range of crypto enthusiasts. Happy trading!
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