Coinbase International, a renowned global cryptocurrency exchange, has announced the launch of Pepe (PEPE) perpetual futures, set to commence on April 18th. This development marks a significant milestone in the platform's growth, providing traders with the flexibility to trade without an expiration date. These funds enable trading based on price change expectations without requiring asset ownership.

Following the announcement, Pepe's trading value has experienced a positive shift, with its price increasing by over 4%. As of now, it is priced at $0.0000074291035, according to Coingape's price list. Earlier today, it reached a high of $0.000007431.

Pepe Coin Attains $3.1 Billion Market Cap

Launched in April 2023, Pepe coin ranks fourth among all meme coins by market cap, currently valued at $3.1 billion, as reported by CoinGecko. The coin takes its name from Pepe the Frog, a popular webcomic character. Its creator, Matt Furie, has taken legal action to protect the character's image and prevent misuse.

In the past, Coinbase has labeled Pepe as a "hate symbol." However, the community remains unfazed, focusing on the recent listing as the latest development in the ongoing dispute among states. This listing enhances the currency's legitimacy and increases trading volume.

Coinbase Improves User Experience

Coinbase has also unveiled additional enhancements for its users. UK-based customers can now purchase Bitcoin, Ethereum, and other cryptocurrencies using Apple Pay. This integration ensures secure and private transactions, reflecting Coinbase's dedication to user security and privacy.

Coinbase clarifies that Apple Pay does not store card numbers on devices or servers, instead using a unique device account number. This number is encrypted and securely stored, ensuring user data protection. This move underscores Coinbase's commitment to improving user convenience and security, enabling smoother and safer transactions.