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Coinbase, one of the leading cryptocurrency exchanges, has recently expanded its meme coin offerings on its international platform. This strategic move is intended to meet the growing demand for meme coins among its expanding base of traders and investors.
The expansion includes the addition of meme coins, Memecoin (MEME) and Cats in a Dogs World (MEW). Meme coins continue to garner significant attention and interest within the crypto community.
In a tweet, Coinbase International Exchange says it "will add support for cat in a dogs world, Memecoin, and Jasmycoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our MEW-PERP, MEME-PERP, and JASMY-PERP markets will begin on or after 9:30am UTC on August 8 2024."
Coinbase added support for perpetual futures of meme coins Bonk, FLOKI and Shiba Inu on Coinbase International Exchange and Coinbase Advanced platforms in May this year.
Tomiwabold OlajideIn a recent listing, Coinbase International Exchange announced that the DYM-PERP, MKR-PERP and AAVE-PERP markets are now in full-trading mode on Coinbase International Exchange and Coinbase Advanced.
Coinbase posts $1.45 billion revenue in Q2
According to Bloomberg, Coinbase Global recorded a profit and revenue that doubled as this year's crypto market recovery continued into the second quarter.
Revenue at the largest U.S. cryptocurrency exchange increased to $1.45 billion, slightly exceeding Bloomberg analysts' expectations. Net income was $36 million, or 14 cents per share, after accounting for an impairment charge.
Yuri Molchan
Vladislav Sopov
Dan Burgin
Alex Dovbnya