Raydium (RAY) Price Surges 30% Following Coinbase's Announcement that its International Exchange will Support RAY Perpetual Futures

This latest listing is expected to boost Raydium’s exposure in the global market. Coinbase’s humongous user base and liquidity are anticipated

Coinbase to List Raydium Perpetual Futures on November 14 Raydium (RAY) price soared 30% after leading cryptocurrency exchange Coinbase announced that its international platform will support RAY perpetual futures. This latest listing is expected to boost Raydium’s exposure in the global market.

Coinbase, which operates a centralized exchange, will be listing perpetual futures for Raydium (RAY), the native token of the Solana-based decentralized exchange. This new offering will be available on both Coinbase International Exchange and Coinbase Advanced, opening on or after 9:30 a.m. UTC on November 14, 2024.

RAY-PERP perpetual futures will be available on Coinbase International Exchange and Coinbase Advanced. Opening our RAY-PERP market will begin on or after 9:30 am UTC 14 NOV 2024. $RAY

Coinbase to List Raydium Perpetual Futures Through this offering, traders will be able to speculate on RAY’s future price, utilizing the leverage provided by perpetual futures to amplify their trading activity. The listing is also anticipated to have a significant impact on the liquidity and trading volume of Raydium.

This latest listing follows a string of announcements from Coinbase, which has been expanding its support for decentralized exchange tokens and Solana-based cryptocurrencies. The exchange’s vast user base and liquidity are expected to leave a substantial mark on the trading activity for the Solana-based decentralized exchange crypto.

Coinbase Adds Raydium Perpetual Futures This development has already sparked considerable enthusiasm within the crypto community, with RAY price showing strong performance ahead of the listing date. Notably, RAY price surged 29.64% on Thursday, reaching $4.84, while the Solana token’s market cap stood at $1.27 billion.

Moreover, Raydium’s 24-hour trading volume also saw a significant boost of 82% to reach $318.26 million. The token’s price even broke above the $5 mark during the day, adding to the bullish momentum.

Chart displaying the seven-day price performance of Raydium (RAY). At press time, the altcoin token is priced at $4.84 after surging 29.64% over the last 24 hours. Notably, RAY price also clocked a major 1-week gain of over 54%. At the same time, the token’s 24-hour trading volume surged 82% to reach $318.26 million.

Raydium Price Surges Ahead of Coinbase Listing In the last hour of trading today, RAY price reached an intraday high of $5.05, and 1-week gains reached a new peak. The altcoin token also clocked an impressive gain of over 200% in the last 30 days to further capture the attention of crypto enthusiasts.

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