Coinbase has announced that it will launch perpetual contracts for PENGU, Popcat, and Helium (HNT) on its international exchange, scheduled to go live on February 13, 2025. This initiative aims to enhance the market liquidity and trading volume of these assets, attracting institutional traders. Following the announcement, the prices of PENGU, Popcat, and Helium experienced significant fluctuations, reflecting the market's anticipation of the upcoming futures market. Additionally, Coinbase has submitted an amicus brief in the Prime Trust bankruptcy case, supporting the protection of customer assets under UCC § 8. Meanwhile, cryptocurrency whales have shown strong interest in Solana meme coins, particularly POPCAT.

POPCAT

PENGU

HIGHLIGHTS Coinbase will introduce PENGU, Popcat, and Helium (HNT) perpetual futures on its International Exchange. The PENGU-PERP, POPCAT-PERP, and HNT-PERP markets will go live on or after 9:30 AM UTC, February 13, 2025 This move could boost liquidity and trading activity for $PENGU, $POPCAT, and $HNT, attracting institutional traders. Coinbase has announced plans to introduce perpetual futures contracts for three digital assets—PENGU, Popcat, and Helium (HNT). The new markets will launch on Coinbase International Exchange and Coinbase Advanced on February 13, 2025. The announcement has triggered increased market activity, with notable price movements across the three tokens. Coinbase Expands Futures Offerings with PENGU, Popcat, and Helium Coinbase International Exchange confirmed the listing of perpetual futures for PENGU, Popcat, and Helium (HNT). The new markets, PENGU-PERP, POPCAT-PERP, and HNT-PERP, will become available to traders on or after 9:30 am UTC, February 13, 2025. This expansion follows Coinbase’s broader efforts to enhance its derivatives offerings for digital assets. These perpetual contracts might help in deepening the liquidity and trading volume for the three tokens. In the past, exchange traded futures markets have enhanced trading participation by institutions and the public. The listing provides traders with leveraged exposure to the assets, offering opportunities for risk management. By listing in these futures contracts, the top crypto exchange will cater for the increasing demand in the trading products. The plan fits into the exchange’s strategic direction of diversification as a way of responding to market conditions. The addition of PENGU, Popcat, and Helium futures could attract a wider audience of traders. Market Reaction Following the Announcement Following the announcement, the prices of PENGU, Popcat, and Helium experienced immediate movements. After the announcement, Pudgy Penguins (PENGU) price moved from an intraday low of $0.011 to highs nearing $0.012. Popcat price moved from a low of $0.210 to a high of $0.230 earlier in the day before retracing to its current level. Moreover, Helium (HNT) price trading volume increased by 8.65% to $8.67 million, indicating heightened activity. These price fluctuations reflect growing anticipation for the upcoming futures markets. In other news, the top crypto exchange has filed an amicus brief in the Prime Trust bankruptcy case, advocating for customer asset protections under UCC Article 8. The filing will ensure that customer funds remain separate from the custodian’s bankruptcy estate, preserving trust in financial institutions. Meanwhile, crypto whales have been betting big on Solana meme coins, including POPCAT, with a whale recently purchasing 5.77 million POPCAT for $3.83 million. The surge in whale activity has sparked interest in Solana meme coins.

Coinbase will launch perpetual contracts for PENGU, Popcat, and Helium.