Coinbase Plans Perpetual Futures for PENGU, POPCAT, HNT

Coinbase has announced the addition of three new assets—Pudgy Penguins (PENGU), Popcat (POPCAT), and Morpho (MORPHO)—to its listing roadmap, aiming to provide traders with early insights into upcoming assets. Following the announcement, the initial price reactions varied, with PENGU and Popcat experiencing temporary gains before retracing, while Morpho showed notable momentum as a DeFi project. Additionally, Coinbase will launch perpetual futures for these tokens on February 13, 2025, which is expected to enhance liquidity and attract more traders. The announcement has already led to significant price increases and trading volume for all three tokens, indicating growing market interest. Despite these developments, overall market sentiment remains cautious, particularly as Bitcoin approaches the $100,000 mark. The introduction of futures could further influence trading dynamics, potentially increasing volatility in the coming weeks.