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Reading: Coinbase to Launch Catizen (CATI) Futures Trading Soon
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Kriptoteka > Market > Gaming > Coinbase to Launch Catizen (CATI) Futures Trading Soon
Gaming

Coinbase to Launch Catizen (CATI) Futures Trading Soon

marcel.mihalic@gmail.com
Last updated: September 24, 2024 9:05 am
By marcel.mihalic@gmail.com 4 Min Read
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Coinbase, the largest cryptocurrency trading platform in the US, has revealed intentions to add Catizen (CATI) to its futures market.

Last week, the Telegram-associated coin was made available on Binance, OKX, and several other prominent trading platforms.

Coinbase Set to Include Catizen Token for Futures Trading

Coinbase has announced the incorporation of Catizen (CATI) perpetual futures on its International Exchange and Advanced platforms starting September 26 at 9:30 a.m. UTC. This initiative provides traders with a new asset to explore, allowing them to implement advanced trading strategies based on CATI price fluctuations.

The Catizen perpetual futures are derivative contracts enabling traders to speculate on CATI’s price changes without the constraints of a fixed expiration date. This characteristic grants users the ability to maintain their positions for as long as they find appropriate, offering greater flexibility and control over their trading activities.

This announcement coincides with a spike in interest surrounding CATI, which was recently launched. Catizen, a tap-to-earn game linked to Telegram, has just introduced its token, rapidly garnering attention from top cryptocurrency exchanges. Major platforms such as Binance, OKX, Bybit, KuCoin, and Bitget have swiftly listed CATI, highlighting the increasing momentum around this token.

Read more: What Is Catizen?

The CATI token operates on the TON blockchain, with the tap-to-earn game attracting over 39 million users overall. It boasts 18 million active monthly users and has generated approximately $26 million from in-game purchases. Telegram’s CEO, Pavel Durov, noted that the game achieved over $16 million in revenue from in-app purchases in July.

“Catizen has introduced millions to blockchain technology through its use of TON-based smart contracts for in-game rewards. Their team has also developed tools for other developers to easily launch their games on Telegram and TON. Kudos to the Catizen team,” Durov stated.

Catizen distinguishes itself from other Telegram-based games by providing players with a unique experience. Rather than the standard tap-to-earn mechanic, players operate a virtual cat café where visitors interact with cats, enabling monetary earnings. This gameplay shift adds a layer of strategy, setting Catizen apart from more simplistic models.

As Catizen gains traction in mainstream markets, investors are increasingly supporting tap-to-earn games, recognizing their potential within Telegram’s extensive ecosystem. With low acquisition costs and smooth cryptocurrency integration, Telegram offers a scalable framework for projects like Catizen and Hamster Kombat. These games collectively underscore the long-term potential of Web3 gaming.

“The next 100 to 200 million users in Web3 will emerge from Telegram and its gaming ecosystem,” Yat Siu, co-founder and executive chairman of Animoca Brands, shared with BeInCrypto.

Read more: How to Play Catizen: A Step-by-Step Guide

CATI Price Performance
CATI Price Performance, Source: BeInCrypto

Currently, BeInCrypto data indicates that CATI is trading at $0.800356, reflecting a nearly 5% increase since the Tuesday session commenced.

Disclaimer

In line with the Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. This news article aims to deliver accurate and timely information. However, readers are encouraged to independently verify facts and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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