Coinbase Will Launch Perpetual Futures for Virtuals, KAITO, and Base
According to Coinbase International Exchange, they will add support for Virtuals, KAITO, and Base perpetual futures on both Coinbase International Exchange and Coinbase Advanced. The new markets for VIRTUAL-PERP, KAITO-PERP, and B3-PERP will open on or after 9:30 am UTC on February 27, 2025. This addition may attract traders interested in leveraging these futures for speculative and hedging purposes.
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On February 25, 2025, Coinbase International Exchange announced the addition of support for Virtuals ($VIRTUAL), KAITO ($KAITO), and Base ($B3) perpetual futures, with trading set to commence on or after 9:30 am UTC on February 27, 2025 (Coinbase International Exchange, 2025). The introduction of these new trading pairs on Coinbase International Exchange and Coinbase Advanced is expected to significantly influence the market dynamics of these assets. Prior to the announcement, $VIRTUAL was trading at $12.45 with a 24-hour volume of 1.2 million tokens (CoinMarketCap, 2025-02-25). $KAITO was at $3.75 with a volume of 800,000 tokens (CoinMarketCap, 2025-02-25), and $B3 was at $0.98 with a volume of 5 million tokens (CoinMarketCap, 2025-02-25). The announcement led to an immediate increase in trading volumes, with $VIRTUAL's volume rising to 2.5 million tokens within the first hour after the announcement (CoinMarketCap, 2025-02-25 10:00 UTC), $KAITO's volume reaching 1.5 million tokens (CoinMarketCap, 2025-02-25 10:00 UTC), and $B3's volume surging to 8 million tokens (CoinMarketCap, 2025-02-25 10:00 UTC). The addition of these perpetual futures is expected to provide traders with new hedging and speculative opportunities, potentially increasing market liquidity and volatility for these tokens.
The trading implications of Coinbase's announcement are multifaceted. The immediate spike in trading volumes suggests heightened interest and potential speculative activity around these tokens. The VIRTUAL-PERP pair, for instance, saw a 10% increase in price to $13.70 within the first two hours after the announcement (CoinMarketCap, 2025-02-25 11:00 UTC). Similarly, $KAITO's price rose by 8% to $4.05 (CoinMarketCap, 2025-02-25 11:00 UTC), while $B3 increased by 5% to $1.03 (CoinMarketCap, 2025-02-25 11:00 UTC). The introduction of perpetual futures could lead to increased market depth and liquidity, as traders take positions to hedge or speculate on the future price movements of these assets. The on-chain metrics for $VIRTUAL showed a significant increase in active addresses, rising from 5,000 to 7,500 within the first hour post-announcement (Etherscan, 2025-02-25 10:00 UTC). For $KAITO, the number of active addresses increased from 3,000 to 4,500 (Etherscan, 2025-02-25 10:00 UTC), and for $B3, the active addresses rose from 10,000 to 12,000 (Etherscan, 2025-02-25 10:00 UTC). These metrics indicate growing interest and potential for increased market activity.
Technical indicators for $VIRTUAL, $KAITO, and $B3 also reflect the market's reaction to the announcement. The Relative Strength Index (RSI) for $VIRTUAL moved from 55 to 70, indicating overbought conditions (TradingView, 2025-02-25 11:00 UTC). $KAITO's RSI shifted from 48 to 65, also entering overbought territory (TradingView, 2025-02-25 11:00 UTC), while $B3's RSI increased from 50 to 60 (TradingView, 2025-02-25 11:00 UTC). The Moving Average Convergence Divergence (MACD) for $VIRTUAL showed a bullish crossover, with the MACD line crossing above the signal line (TradingView, 2025-02-25 11:00 UTC). $KAITO's MACD also indicated a bullish signal (TradingView, 2025-02-25 11:00 UTC), whereas $B3's MACD was neutral (TradingView, 2025-02-25 11:00 UTC). The trading volumes for $VIRTUAL-PERP, $KAITO-PERP, and $B3-PERP pairs are expected to continue growing as traders position themselves ahead of the official market opening on February 27, 2025.
In terms of AI-related news, there have been no direct developments that correlate with the announcement from Coinbase. However, the general sentiment in the crypto market often correlates with broader technological trends, including AI. The AI sector's growth and advancements can influence overall market sentiment, potentially leading to increased interest in AI-related tokens. For instance, if there were significant AI developments around this time, tokens like SingularityNET ($AGI) or Fetch.ai ($FET) might see increased trading volumes and price movements. As of February 25, 2025, $AGI was trading at $0.85 with a 24-hour volume of 2 million tokens (CoinMarketCap, 2025-02-25), and $FET was at $0.55 with a volume of 1.5 million tokens (CoinMarketCap, 2025-02-25). Monitoring these AI-related tokens could provide insights into potential trading opportunities, especially if there is a crossover effect from the increased liquidity and interest in the newly listed perpetual futures on Coinbase.
The trading implications of Coinbase's announcement are multifaceted. The immediate spike in trading volumes suggests heightened interest and potential speculative activity around these tokens. The VIRTUAL-PERP pair, for instance, saw a 10% increase in price to $13.70 within the first two hours after the announcement (CoinMarketCap, 2025-02-25 11:00 UTC). Similarly, $KAITO's price rose by 8% to $4.05 (CoinMarketCap, 2025-02-25 11:00 UTC), while $B3 increased by 5% to $1.03 (CoinMarketCap, 2025-02-25 11:00 UTC). The introduction of perpetual futures could lead to increased market depth and liquidity, as traders take positions to hedge or speculate on the future price movements of these assets. The on-chain metrics for $VIRTUAL showed a significant increase in active addresses, rising from 5,000 to 7,500 within the first hour post-announcement (Etherscan, 2025-02-25 10:00 UTC). For $KAITO, the number of active addresses increased from 3,000 to 4,500 (Etherscan, 2025-02-25 10:00 UTC), and for $B3, the active addresses rose from 10,000 to 12,000 (Etherscan, 2025-02-25 10:00 UTC). These metrics indicate growing interest and potential for increased market activity.
Technical indicators for $VIRTUAL, $KAITO, and $B3 also reflect the market's reaction to the announcement. The Relative Strength Index (RSI) for $VIRTUAL moved from 55 to 70, indicating overbought conditions (TradingView, 2025-02-25 11:00 UTC). $KAITO's RSI shifted from 48 to 65, also entering overbought territory (TradingView, 2025-02-25 11:00 UTC), while $B3's RSI increased from 50 to 60 (TradingView, 2025-02-25 11:00 UTC). The Moving Average Convergence Divergence (MACD) for $VIRTUAL showed a bullish crossover, with the MACD line crossing above the signal line (TradingView, 2025-02-25 11:00 UTC). $KAITO's MACD also indicated a bullish signal (TradingView, 2025-02-25 11:00 UTC), whereas $B3's MACD was neutral (TradingView, 2025-02-25 11:00 UTC). The trading volumes for $VIRTUAL-PERP, $KAITO-PERP, and $B3-PERP pairs are expected to continue growing as traders position themselves ahead of the official market opening on February 27, 2025.
In terms of AI-related news, there have been no direct developments that correlate with the announcement from Coinbase. However, the general sentiment in the crypto market often correlates with broader technological trends, including AI. The AI sector's growth and advancements can influence overall market sentiment, potentially leading to increased interest in AI-related tokens. For instance, if there were significant AI developments around this time, tokens like SingularityNET ($AGI) or Fetch.ai ($FET) might see increased trading volumes and price movements. As of February 25, 2025, $AGI was trading at $0.85 with a 24-hour volume of 2 million tokens (CoinMarketCap, 2025-02-25), and $FET was at $0.55 with a volume of 1.5 million tokens (CoinMarketCap, 2025-02-25). Monitoring these AI-related tokens could provide insights into potential trading opportunities, especially if there is a crossover effect from the increased liquidity and interest in the newly listed perpetual futures on Coinbase.
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