Pepe Coin Spikes on Coinbase International Plan to List Perpetual Futures
The crypto exchange’s off-shore arm will open perpetuals market for the popular meme coin on April 18.
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The crypto exchange’s off-shore arm will open perpetuals market for the popular meme coin on April 18.
While notional open interest has surged, the overall leverage build-up is still relatively low.
Base booth at ETHDenver (Danny Nelson/CoinDesk)
The CD20/USDC perpetual futures traded at a premium to the index price early Thursday, indicating a bullish broader market sentiment.
Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday.