↑ Caught in the Perp Crosshairs: Notable Developments and Market Tensions Surrounding PERP Coin

PERP Coin has been creating waves in the cryptocurrency market with multiple mentions of the token across various platforms. Open interest in Bitcoin Perpetual Futures is soaring, marking significant growth since Trump's crypto reserve disclosure. There's a rising interest in the Perpetual Protocol, with guidance provided on how to purchase the cryptocurrency in four easy steps. Similarly, trading on Coinbase platforms, such as the CAKE-PERP, BRETT-PERP and AI16Z-PERP markets, is also expanding.

Perpetual trading continues its expansion as Coinbase announced listing for PENGU, POPCAT, and HNT futures. Synthetix is also making headway with its launch of multi-collateral perps. Remarkably, Perp-Focused HyperLiquid experienced a record-breaking $60 million net outflows in USDC. There's a rising anticipation for the Arbitrum rollout. Notably, the crypto market is anticipating the trading of derivatives on POL and DOGS on Coinbase International.

Several announcements concerning Perpetual Futures have also been made. Notably, Coinbase plans to launch Spx6900 and Kaspa Perpetual Futures on February 20, 2025. Similarly, Solana DEX-Raydium is poised to launch beta perp trading. Velar PerpDex also announced its launch on Stacks as the first Bitcoin-native perpetual DEX.

While predictions are abundant about the future price of Perpetual Protocol, the token has been listed among the most traded tokens along with Bitcoin. Interestingly, despite a bear market, several Perp Dex coins have fared well. One worth mentioning is Sushiswap, which could potentially launch a Perp DEX on the Sei Network.

Coinbase is also set to list NEIRO Perpetual Futures, and an expected price rally is anticipated. Conversely, GALA and PERP Trading pairs have been cut by Binance due to low trading activity.

PERP Coin News Analytics from Thu, 01 Aug 2019 07:00:00 GMT to Wed, 23 Apr 2025 08:30:12 GMT - Rating 6 - Innovation 7 - Rumor -6