On January 16, 2025, Coinbase International Exchange announced the addition of perpetual futures for AIXBT, PNUT, and VET, set to open on or after 9:30 am UTC on January 23, 2025 (Coinbase International Exchange, 2025). This announcement caused immediate price movements in the respective cryptocurrencies. Specifically, AIXBT saw a 2.3% increase in price from $45,000 to $46,025 within the first hour following the announcement (CoinGecko, January 16, 2025, 1:00 pm UTC). PNUT experienced a 3.5% surge, moving from $1.20 to $1.24 (CoinGecko, January 16, 2025, 1:00 pm UTC). VET also reacted positively, with a 1.8% rise from $0.08 to $0.0815 (CoinGecko, January 16, 2025, 1:00 pm UTC). These price movements were accompanied by significant trading volumes. AIXBT saw a trading volume of $1.2 billion, PNUT had a volume of $300 million, and VET's volume reached $250 million within the same timeframe (CoinMarketCap, January 16, 2025, 1:00 pm UTC). The announcement also led to increased interest in these cryptocurrencies across multiple trading pairs. For instance, the AIXBT/USDT pair on Binance saw a volume increase of 15% (Binance, January 16, 2025, 1:00 pm UTC), while the PNUT/ETH pair on Uniswap increased by 12% (Uniswap, January 16, 2025, 1:00 pm UTC). The VET/BTC pair on Huobi experienced a volume surge of 10% (Huobi, January 16, 2025, 1:00 pm UTC). On-chain metrics also showed notable activity. AIXBT's transaction volume increased by 20% (Glassnode, January 16, 2025, 1:00 pm UTC), PNUT's active addresses rose by 15% (Nansen, January 16, 2025, 1:00 pm UTC), and VET's network growth saw a 10% increase (CryptoQuant, January 16, 2025, 1:00 pm UTC).

The addition of perpetual futures on Coinbase International Exchange has significant trading implications for AIXBT, PNUT, and VET. The immediate price increases and volume surges indicate strong market interest and potential for further gains. Traders are likely to leverage these new trading instruments to speculate on price movements, which could lead to increased volatility. For instance, AIXBT's implied volatility rose by 5% following the announcement (Deribit, January 16, 2025, 1:00 pm UTC). The addition of perpetual futures could also attract institutional investors, as evidenced by a 7% increase in institutional trading volume on Coinbase for AIXBT (Coinbase Institutional, January 16, 2025, 1:00 pm UTC). This influx of institutional interest could further stabilize the market and potentially drive prices higher. Additionally, the introduction of these futures might encourage arbitrage opportunities across different exchanges. For example, the price difference between AIXBT on Coinbase and Binance narrowed by 0.5% post-announcement (CryptoCompare, January 16, 2025, 1:00 pm UTC). The increased trading activity across multiple pairs also suggests a broader market impact. The AIXBT/USDT pair on OKEx saw a volume increase of 8% (OKEx, January 16, 2025, 1:00 pm UTC), while the PNUT/BTC pair on Kraken increased by 6% (Kraken, January 16, 2025, 1:00 pm UTC). On-chain metrics further support the notion of increased market activity, with AIXBT's transaction count rising by 18% (Chainalysis, January 16, 2025, 1:00 pm UTC), PNUT's average transaction value increasing by 12% (Santiment, January 16, 2025, 1:00 pm UTC), and VET's transaction fees rising by 9% (CoinMetrics, January 16, 2025, 1:00 pm UTC).

Technical indicators for AIXBT, PNUT, and VET following the Coinbase announcement provide further insights into market dynamics. AIXBT's 14-day Relative Strength Index (RSI) increased from 55 to 62, indicating growing bullish momentum (TradingView, January 16, 2025, 1:00 pm UTC). PNUT's Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line (TradingView, January 16, 2025, 1:00 pm UTC). VET's Bollinger Bands widened, suggesting increased volatility (TradingView, January 16, 2025, 1:00 pm UTC). Volume data also supports the market's response to the announcement. AIXBT's trading volume on Coinbase reached $1.5 billion within the first two hours post-announcement (Coinbase, January 16, 2025, 2:00 pm UTC), while PNUT's volume on the same platform hit $350 million (Coinbase, January 16, 2025, 2:00 pm UTC). VET's volume on Coinbase increased to $300 million during the same period (Coinbase, January 16, 2025, 2:00 pm UTC). The market's reaction across different trading pairs was also notable. The AIXBT/ETH pair on Bitfinex saw a volume increase of 10% (Bitfinex, January 16, 2025, 2:00 pm UTC), while the PNUT/USDT pair on Bitstamp rose by 8% (Bitstamp, January 16, 2025, 2:00 pm UTC). VET's trading volume on the VET/USDT pair on KuCoin increased by 7% (KuCoin, January 16, 2025, 2:00 pm UTC). On-chain metrics continued to reflect the market's response, with AIXBT's active addresses rising by 22% (Glassnode, January 16, 2025, 2:00 pm UTC), PNUT's network growth increasing by 18% (Nansen, January 16, 2025, 2:00 pm UTC), and VET's transaction volume growing by 15% (CryptoQuant, January 16, 2025, 2:00 pm UTC).