Kaspa (KAS) Price Shoots Up 10% After Coinbase Listing, What’s Next?

Cryptocurrency

Kaspa (KAS) Price Shoots Up 10% After Coinbase Listing, What’s Next? – Crypto News

Published

3 days ago

February 20, 2025

Dripp

Kaspa (KAS) price has led the broader crypto market recovery-like trend on Thursday, surging 10% as cryptocurrency exchange Coinbase unveiled a new listing. Notably, the crypto exchange giant has officially announced that the KAS-PERP market is now live, enhancing market support for the token. As a response, market watchers convey a highly bullish outlook surrounding the crypto project boasting GHOSTDAG protocol.

Kaspa (KAS) Price Bullish As Coinbase Expands Support

In an X post on February 20, Coinbase revealed that the KAS-PERP market is now in full trading mode on the ‘International Exchange and Advanced’ trading platforms. “Limit, market, stop, and stop limit orders are all now available, the exchange notified.

Usual market sentiments remain highly bullish as one of the top crypto exchanges adds new listings, enhancing market exposure for the token. Crypto traders and investors further reflect optimism as the KAS price is already up 10% in tandem with the abovementioned announcement.

What’s More For Traders?

Simultaneously, the crypto exchange behemoth also revealed that the SPX-PERP market is now in full trading mode, offering another enhanced trade offering to users. SPX6900 is an advanced blockchain cryptography token, which also now remains much-eyed by investors for gains.

How Are SPX & KAS Prices Performing?

KAS price chart showcased a 10% uptick soon after the perp listing announcement, although it dropped to $0.1066. The coin’s intraday low and high were 1043 and $0.1091, respectively. Notably, the brief price upswing aligns with the abovementioned listing, whilst traders remain optimistic over future price movements.

Simultaneously, SPX’s price shot up 16% and is currently sitting at $0.7330. Its intraday bottom and peak were $0.6102 and $0.7450, respectively.

Coinglass data showed a 2% rise in Kaspa futures OI, reaching $102.40 million. Also, SPX futures OI surged 24% to $19 million. This data flagged heightened market interest in the assets amid Coinbase’s listing. Market participants continue to eye the tokens for further gains amid increased market exposure.