Perpetual Futures for Shiba Inu (SHIB) and Other Meme Coins Added by Coinbase

Coinbase has announced support for perpetual futures based on top meme coins

Just like traditional futures, perpetual futures are meant to replicate the price action of the underlying asset. However, the difference is that they have no expiry date, which essentially means that they can be held indefinitely. The exchange offers perpetual futures for a slew of cryptocurrencies, including Cardano , Avalanche , Dogecoin , Bitcoin Cash , Pepe , and so on.

Meme coins are underperforming due to a broader cryptocurrency market crash. Bitcoin is currently on track to lose the $67,000 level. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.

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