Coinbase, one of the world’s leading cryptocurrency exchanges, continues to expand its product offerings for investors. In its latest move, the exchange announced that it will add ApeCoin (APE) to its futures trading list. This development further solidifies ApeCoin’s position in the crypto ecosystem while providing new opportunities for investors.
What is ApeCoin (APE)?
ApeCoin (APE) is an ERC-20 token used within the APE ecosystem. It serves as the governance token, allowing holders to participate in the ApeCoin DAO. Additionally, ApeCoin is used to access games, products, events, and services within the ecosystem.
Coinbase’s decision to include ApeCoin (APE) in its futures trading list gives investors the ability to trade based on both price increases and decreases. This allows investors to take more strategic positions on ApeCoin’s future price movements. Futures trading offers more liquidity and variety in the crypto market while also providing experienced traders with risk management opportunities.
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