Coinbase International Marks a Major Milestone with 100th Perpetual Futures Listing

• Coinbase hits 100th perpetual futures contract with new token listings.
• MOG Coin, Algorand, and The Sandbox see significant growth ahead of listings.
• Coinbase expands global offerings with upcoming Moo Deng and SAND futures.

Coinbase International has reached a significant milestone with the addition of its 100th perpetual futures contract. This accomplishment highlights the exchange’s ongoing efforts to expand its offerings and enhance its global presence in the cryptocurrency market.

The addition of Coinbase’s 100th perpetual futures contract represents a notable achievement for its international arm. The exchange also announced the upcoming listing of four new perpetual futures markets to commemorate this milestone. These include Moo Deng (MOODENG), Algorand (ALGO), The Sandbox (SAND), and MOG Coin (1000MOG). 

The new markets are expected to open on or after December 12, 2024, at 9:30 AM UTC, providing traders with additional options to diversify and expand their portfolios.

Among the tokens to be listed are MOG Coin and Algorand, which have garnered considerable attention recently. MOG Coin, a meme token launched on Ethereum’s layer-1 blockchain, saw its value increase by more than 20% following the announcement of its listing on Coinbase‘s roadmap.

This surge brought its market capitalization close to $1 billion, positioning it among the top 150 cryptocurrencies by market cap.

Similarly, Algorand, known for its energy-efficient blockchain and high throughput capabilities, has seen a notable surge in activity. As of December 1st, 2024, the number of active addresses on the Algorand network rose by over 300%, from 123,000 to more than 427,000. 

This growth is attributed to the increasing adoption of its blockchain technology, which has positively impacted the price of its token, ALGO, which recently peaked at $0.6133.

The Sandbox (SAND), a platform where users can create and monetize virtual worlds using NFTs and the SAND token, is also set to be listed on Coinbase International Exchange.

Over the past 24 hours, the token has experienced a slight increase of 0.63%, reaching $0.90. The platform has garnered attention as a key player in the metaverse space, integrating blockchain technology and virtual real estate.

Moo Deng (MOODENG), another meme token to be listed, has already seen a substantial 80% price surge following its announcement. This growth reflects the growing interest in meme tokens, which have become a significant part of the cryptocurrency market.

Coinbase International’s expansion into these new perpetual futures markets marks an important step in its efforts to offer diverse trading opportunities. With the addition of high-profile tokens like MOG Coin, Algorand, The Sandbox, and Moo Deng, Coinbase aims to cater to a broad range of traders, further solidifying its position in the global cryptocurrency ecosystem.