Coinbase International launches perpetual Pepe futures, driving Pepe coin's price up by 4%. Enjoy trading flexibility without any set expiration date.

Recently, Coinbase International, the global arm of a renowned cryptocurrency platform, rolled out Pepe (PEPE) perpetual futures. Set for debut on April 18th, this addition signifies a significant advancement in the platform's offerings. These perpetual futures enable traders to engage in real-time price fluctuations without the constraints of an expiry date. This financial tool allows users to trade based on price expectations, focusing solely on price movements without the need to own the underlying asset.

Following the announcement, Pepe coin, a popular meme-based cryptocurrency, saw a surge in value, climbing over 4%. As per the latest Coingape report, PEPE is now trading at $0.0000074291035, reaching a peak earlier in the day at $0.000007431.

Pepe Coin Market Cap Reaches $3.1 Billion

Pepe coin, launched in April 2023, currently holds the fourth position among meme coins in terms of market capitalization. The coin boasts a market cap of $3.1 billion, as cited by CoinGecko. Named after Pepe the Frog, a character widely recognized in webculture, the coin's branding has led to legal issues for its creator, Matt Furie, who has taken steps to protect the character from misuse and controversy.

While prior conflicts, including Pepe being labeled a "hate symbol" by Coinbase, caused concerns in the community, the recent listing signals a positive development. The listing on Coinbase adds a layer of credibility to the coin and is anticipated to boost trading volume significantly.

Coinbase Improves User Access

In other news, Coinbase has revealed updates aimed at enhancing user experience. Customers in the UK can now conveniently purchase cryptocurrencies like Bitcoin and Ethereum using Apple Pay. This integration ensures secure and private transactions, aligning with Coinbase's emphasis on user data protection and confidentiality.

Coinbase emphasizes that Apple Pay does not store sensitive card information on devices or servers but utilizes a unique encrypted device account number for transactions. This security measure reinforces Coinbase's dedication to providing users with a safe and streamlined trading experience, streamlining transactions for greater ease and security.