Solomon Samuel 
Coinbase International Exchange announced plans to integrate Wormhole (W) perpetual futures, enhancing trading opportunities.
According to the Coinbase International Exchange’s announcement on Wednesday, April 3, 2024, it intends to integrate support for Wormhole (W) perpetual futures into its ecosystem.
The planned implementation of this project will enhance accessibility and trading opportunities for users of Coinbase International Exchange and Coinbase Advanced.
Coinbase International Introduces Wormhole Futures Trading
On April 4, at 9:30 a.m. UTC, Wormhole perpetual futures will be available on Coinbase. This event will take place. This significant development is crucial because Wormhole, a prominent cross-chain system, has just launched its highly anticipated W governance coin.
This milestone represents a big step forward for Wormhole in its efforts to establish its reputation within the DeFi industry. On the other hand, the Coinbase International Exchange also referenced a potential limitation for consumers worldwide.
Only the regions capable of handling Wormhole trading will have access to the perp futures listing. Before Coinbase’s statement, several large cryptocurrency exchanges made public their plans to offer the W token for trade.
Binance, OKX, Bybit, Bitget, Gate.io, and Backpack are some examples of these marketplaces. The tremendous support that Wormhole has received from critical exchanges is evidence that the industry acknowledges the novel protocol that Wormhole has developed and the potential of its native token.
Furthermore, Wormhole has taken a proactive approach to community interaction by providing a comprehensive airdrop program.
Wormhole designed this program to encourage community participation, making it available for over 400,000 wallets across various chains such as Ethereum and Solana.
We intend to provide incentives to early adopters of the system and encourage widespread adoption of the platform through the airdrop, consisting of a substantial amount of 617.3 million W tokens.
Additionally, the rapid adoption of the W token by major exchanges has already resulted in a remarkable 10% price rise within a short trading period.
This has occurred within a relatively short amount of time. This spike reflects the current bullish mood in the market regarding Wormhole’s cross-chain protocol.
Additionally, it highlights the possible influence that W could have on the DeFi industry. Following Coinbase’s news on Wednesday, the Wormhole cryptocurrency was trading at $1.415 on the market at the time of this publication.
In addition to this, it achieved a high of $1.860 across the most respected exchanges. There are 1.8 billion in circulation out of a total quantity of 10 billion, which contributes to a market valuation of $2.48 billion, which is a significant amount.