Coinbase International Exchange Adds Dogwifhat Perpetual Futures to Crypto Derivatives Lineup

Coinbase International Exchange (CIE) announces the launch of perpetual futures trading for dogwifhat ($WIF) on April 25th. This expansion aligns with Coinbase's strategy to offer a growing range of crypto perpetual futures, following its regulatory approval a year ago. Despite ongoing regulatory challenges in the US, Coinbase has secured approval for crypto futures trading for a limited number of US retail traders.

Coinbase International Exchange Set to Offer Dogwifhat Perpetual Futures, Expanding Crypto Derivatives Lineup

San Francisco, California - Coinbase International Exchange (CIE) and Coinbase Advanced, the leading cryptocurrency exchange platforms, are poised to introduce perpetual futures trading for dogwifhat ($WIF), a popular Solana-based memecoin. The highly anticipated offering will commence on April 25 at 9:30 UTC, providing non-U.S. users access to a new trading instrument for this high-growth digital asset.

This move marks a significant expansion of Coinbase's derivatives offerings, following its regulatory approval to offer perpetual futures to customers in select non-U.S. jurisdictions last year. Perpetual futures allow traders to speculate on the future price of an asset without taking physical delivery, offering a flexible and potentially lucrative investment opportunity.

CIE's decision to list dogwifhat perpetual futures is a testament to the growing popularity of memecoins, a class of digital currencies that often feature humorous or ironic themes. Dogwifhat has emerged as a prominent example of this trend, gaining a loyal following among cryptocurrency enthusiasts.

The launch of dogwifhat perpetual futures comes on the heels of Coinbase's decision to postpone the release of Pepe-based perpetual futures. Initially scheduled for April 18, the offering was indefinitely delayed amidst concerns from some users about the potential association with controversial content.

Despite the setback with Pepe-based futures, Coinbase remains committed to expanding its derivatives lineup. The company recognizes the substantial growth potential of the derivatives market, which has witnessed a surge in trading volumes in recent months. According to CoinDesk, derivatives trading volumes jumped by 86.5% in March, reaching $6.18 trillion.

Coinbase Advanced, the platform tailored for more experienced traders, has already secured approval from the National Futures Association to offer cryptocurrency futures trading to a select number of U.S. retail investors. The company is actively seeking regulatory approval to expand these offerings to a wider audience in the future.

By adding dogwifhat perpetual futures to its non-U.S. platform, Coinbase is positioning itself to capture a significant share of the growing derivatives market. The company's reputation for security, reliability, and regulatory compliance makes it an attractive destination for traders seeking exposure to the cryptocurrency ecosystem.