Kaspa Surges 10% on Coinbase Listing, Market Bulls Charge

Kaspa (KAS) Price Surges 10% Following Coinbase Listing; Market Optimism Ensues

Kaspa (KAS) price has been on a remarkable upswing, surging by 10% on Thursday, as cryptocurrency exchange Coinbase announced the listing of the KAS-PERP market. This move has significantly enhanced market support for the token, with market watchers expressing a highly bullish outlook for the crypto project, which is powered by the GHOSTDAG protocol.

Coinbase's announcement on February 20 revealed that the KAS-PERP market is now live on the 'International Exchange and Advanced' trading platforms. The exchange has made limit, market, stop, and stop limit orders available for the token. This news has further fueled market sentiments, with crypto traders and investors expressing optimism as the KAS price has already risen by 10% in response to the listing.

In addition to the KAS listing, Coinbase also announced the full trading mode for the SPX-PERP market, offering another enhanced trade option for users. SPX6900, an advanced blockchain cryptography token, has also gained significant attention from investors, who are eyeing potential gains.

The KAS price chart displayed a 10% increase soon after the perp listing announcement, although it subsequently dropped to $0.1066. The coin's intraday low and high were $0.1043 and $0.1091, respectively. This brief price upswing aligns with the listing announcement, and traders remain optimistic about future price movements.

Meanwhile, SPX's price surged by 16% and is currently trading 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, and a 24% surge in SPX futures OI to $19 million. This data indicates heightened market interest in the assets following Coinbase's listing, with market participants continuing to eye the tokens for further gains amid increased market exposure.