Recently, Coinbase International, the international arm of the Coinbase exchange, achieved a significant milestone by listing its 100th perpetual futures contract. This milestone reflects Coinbase’s commitment to providing diverse trading opportunities and expanding its presence globally.
In a recent X post, Coinbase International shared: “We have officially listed our 100th perpetual future on Coinbase International Exchange. These are 100 unique opportunities for you to diversify, trade and grow.”
In particular, Coinbase’s 100th perpetual futures listing marks a significant milestone for the international exchange, which will be further accelerated by the upcoming launch of four perpetual futures listings: Moo Deng, Algorand, The Sandbox and Mog Coin.
Coinbase will add support for Moo Deng, Algorand, The Sandbox, and Mog Coin perpetual futures on Coinbase International Exchange and Coinbase Advanced. “The opening of the MOODENG-PERP, ALGO-PERP, SAND-PERP and 1000MOG-PERP markets will begin on or after 9:30 AM UTC on December 12, 2024,” the X post states.
MOG Coin, a meme token launched on Ethereum’s layer 1 blockchain, received significant attention after Coinbase announced that it would be added to its listing roadmap on December 3, 2024. Following this news, the value of the token soared by more than 20%, bringing its market capitalization close to $1 billion. MOG is currently ranked as one of the top 150 cryptocurrencies by market capitalization.
Coinbase’s move to add MOG to its listing roadmap follows similar moves for other meme tokens such as Moo Deng (MOODENG), which saw a dramatic 80% surge upon listing.
Algorand claims to be an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees. Since December 1, the number of active addresses on the Algorand (ALGO) network has surged 300%, from 123,000 to over 427,000. This exponential growth, coupled with higher adoption and increased use of blockchain, has driven the price of ALGO to a high of $0.6133.
The Sandbox is a virtual world where users can create, own, and monetize gaming experiences through NFTs and SAND tokens. The SAND token rose 0.63% to $0.90 in the last 24 hours.