Coinbase has expanded its meme coin offerings on its international platform to meet the growing demand among traders and investors.
Points
- Coinbase adds Memecoin （MEME） and Cats in a Dogs World （MEW） to its platform.
- The expansion includes support for perpetual futures of these meme coins.
- Coinbase reported $1.45 billion in Q2 revenue, exceeding expectations.
- The exchange aims to cater to the rising interest in meme coins.
Coinbase has broadened its meme coin offerings on its international platform, adding Memecoin （MEME） and Cats in a Dogs World （MEW） to meet growing demand. The expansion includes support for perpetual futures of these meme coins on Coinbase International Exchange and Coinbase Advanced.
In a recent tweet, Coinbase International Exchange announced the launch of MEW-PERP, MEME-PERP, and JASMY-PERP markets starting August 8, 2024. This follows the addition of Bonk, FLOKI, and Shiba Inu perpetual futures earlier this year.
Coinbase’s Q2 earnings report revealed a revenue of $1.45 billion, slightly exceeding analysts’ expectations. The exchange recorded a net income of $36 million, or 14 cents per share, despite an impairment charge.
解説
- Coinbase’s expansion into meme coins reflects the increasing popularity and speculative interest in these digital assets.
- The addition of perpetual futures provides traders with more options for leveraging their positions in meme coins.
- Coinbase’s strong Q2 earnings highlight the company’s resilience and adaptability in a volatile market.
- The growing meme coin market presents both opportunities and risks for investors, emphasizing the need for careful analysis and risk management.