Dogecoin and Shiba Inu Land on Coinbase’s Latest Product Launch List
Coinbase just rolled out a new product, and the usual meme-coin suspects made the cut. The move signals the exchange's continued, if somewhat reluctant, embrace of crypto's most volatile corner.
Meme Coins Go Mainstream—Again
Forget the boring stuff. When a major platform like Coinbase expands its offerings, all eyes turn to which assets get the golden ticket. This time, the spotlight shines on Dogecoin and Shiba Inu, two tokens born from internet jokes that now command multi-billion dollar valuations. Their inclusion isn't just a nod to retail demand; it's a strategic play for trading volume, proving that in finance, sometimes the biggest joke is on the traditionalists who said it wouldn't last.
The Platform Play
Coinbase isn't acting out of charity. Listing high-profile, high-velocity assets like these is a straightforward business calculation. It attracts users, generates fee revenue, and keeps the platform competitive. While purists might scoff at the 'doge and shib' circus, the market votes with its wallet—and that vote is overwhelmingly loud. The integration provides millions of users with streamlined access, further cementing these tokens' positions despite their origins as digital punchlines.
A Cynical Take on Crypto's Theater
Let's be real: the finance sector has always loved a good narrative, and crypto just digitized the script. The inclusion of meme coins on a premier exchange is the latest act—blurring the lines between asset and meme, speculation and community. It's a reminder that in the new market, viral sentiment can be as powerful as a whitepaper. One might say it's the perfect asset class for an era where attention is the ultimate currency, and traditional metrics are often just... boring.
Coinbase Expands Derivatives Access With Meme Coins Included
According to a recent announcement on X, US Perpetual-Style Futures are now live on Coinbase Derivatives. Among a lineup dominated by established layer-one networks and infrastructure tokens, Dogecoin and Shiba Inu stood out as the only meme-based assets included, showing how these tokens are being positioned within institutional-grade trading environments.
The new product rollout allows both retail and institutional traders to access US-regulated perpetual-style futures through approved Futures Commission Merchants. Coinbase is effectively placing both meme coins alongside assets such as Cardano, Chainlink, and Polkadot in its derivatives ecosystem with its extension of this offering to Dogecoin and Shiba Inu. In the case of Shiba Inu, the newly listed futures contract comes with a 1,000x multiplier.
This means that demand for structured exposure to these leading meme coins has grown beyond spot trading, with traders increasingly seeking hedging and leverage tools tied to them.
What This Means For DOGE And SHIB Moving Forward
Recent price action for both dogecoin and Shiba Inu has offered little encouragement. Both cryptocurrencies are currently locked in an extended declining price action and low whale activity, except for a spike in whale activity witnessed by Shiba Inu earlier in the month. This occurred in tandem with a +1.06 trillion net change to the amount of SHIB on exchanges, which is also another sign of the intense selling pressure surrounding the meme coin.
However, behind the scenes, Dogecoin and Shiba Inu might be working towards a bullish momentum in their fundamentals. For one, the availability of perpetual-style futures for Dogecoin and Shiba Inu could add to how traders interact with these assets. Futures markets often attract higher trading volumes and more sophisticated participants, which can influence price discovery and volatility patterns.
As the largest crypto exchange in the United States, Coinbase provides the best regulated gateway for institutional traders. Therefore, this development may increase institutional visibility for Dogecoin and Shiba Inu in the US market while also providing traders with new ways to manage risk.
At the time of writing, Shiba Inu is trading at $0.000007523, down by 3% in the past 24 hours. Notably, the meme coin is currently trading at its lowest price point in over a year.
Dogecoin is also trading at its lowest price point in over a year. The king of meme coins is currently trading at $0.1256, down by 3.2% in the past 24 hours.
