Coinbase to Launch $MEW Perpetual Futures at 9:30 AM UTC on August 8, 2024, Amid $21.6 Million Investment in SOL

Coinbase Advanced is set to launch perpetual futures trading for the Solana memecoin $MEW, with trading expected to commence on August 8, 2024, at 9:30 AM UTC. The new offering will allow traders to engage with $MEW-PERP alongside other listings such as $MEME-PERP and JASMY-PERP. In addition, Coinbase has introduced new perpetual future contracts for DYM-PERP, AAVE-PERP, and MKR-PERP, providing up to 10X leverage for eligible users. The crypto market is experiencing increased activity, with various platforms, including PancakeSwap and QuickSwap, offering high leverage options for traders. PancakeSwap is promoting its Perpetual v2 on Arbitrum, with a reward pool of 27,000 $ARB for trades exceeding $5,000, while QuickSwap is enabling trades with leverage up to 100x. Meanwhile, Cypherpunk Holdings has expanded its investment in Solana, acquiring an additional 23,000 $SOL tokens, bringing its total holdings to 86,294 SOL, valued at $21.6 million.