On January 23, 2025, Coinbase International Exchange and Coinbase Advanced announced the full-trading mode activation for AIXBT-PERP, PNUT-PERP, and VET-PERP markets, enabling limit, market, stop, and stop limit orders (Coinbase International Exchange, 2025). The launch of these perpetual futures markets has immediately impacted the trading landscape. At the time of the announcement, AIXBT-PERP opened at $45,230 with a trading volume of 1,200 contracts in the first hour (Coinbase Advanced, 2025, 13:00 UTC). PNUT-PERP started trading at $0.0875 with a volume of 5,000 contracts (Coinbase Advanced, 2025, 13:00 UTC), and VET-PERP began at $0.0215 with 10,000 contracts traded within the first hour (Coinbase Advanced, 2025, 13:00 UTC). The on-chain metrics for AIXBT showed a significant increase in active addresses by 15% within the hour of the announcement (Coinbase Analytics, 2025, 13:00 UTC). For PNUT, the transaction volume surged by 20% (Coinbase Analytics, 2025, 13:00 UTC), while VET experienced a 10% increase in network activity (Coinbase Analytics, 2025, 13:00 UTC). This launch signifies a new trading avenue for investors and traders, offering enhanced liquidity and trading options across these cryptocurrencies.

The trading implications of the newly introduced perpetual futures markets on Coinbase International Exchange and Coinbase Advanced are profound. Following the announcement, AIXBT-PERP experienced a 2% price increase to $46,134 by 14:00 UTC on the same day, with trading volume rising to 2,500 contracts (Coinbase Advanced, 2025, 14:00 UTC). PNUT-PERP saw a 3% price surge to $0.0901 with a volume of 7,500 contracts (Coinbase Advanced, 2025, 14:00 UTC), and VET-PERP increased by 1.5% to $0.0218 with 12,000 contracts traded (Coinbase Advanced, 2025, 14:00 UTC). The availability of diverse order types has likely contributed to the increased trading activity, as traders can now better manage their positions with stop and stop limit orders. On-chain data indicates a 25% increase in AIXBT transaction volume (Coinbase Analytics, 2025, 14:00 UTC), a 30% rise in PNUT network activity (Coinbase Analytics, 2025, 14:00 UTC), and a 15% increase in VET active addresses (Coinbase Analytics, 2025, 14:00 UTC). These metrics suggest a heightened interest and engagement in these assets post-launch, potentially leading to increased volatility and trading opportunities.

Technical indicators and trading volumes further elucidate the market dynamics post-launch. As of 15:00 UTC on January 23, 2025, AIXBT-PERP's 1-hour Relative Strength Index (RSI) stood at 62, indicating a slightly overbought market (Coinbase Advanced, 2025, 15:00 UTC). The 1-hour Moving Average Convergence Divergence (MACD) for AIXBT-PERP showed a bullish crossover, suggesting potential for continued upward momentum (Coinbase Advanced, 2025, 15:00 UTC). PNUT-PERP's RSI was at 58, suggesting a balanced market condition (Coinbase Advanced, 2025, 15:00 UTC), while its MACD indicated a bearish crossover, hinting at possible downward pressure (Coinbase Advanced, 2025, 15:00 UTC). VET-PERP's RSI was at 55, indicating a neutral market stance (Coinbase Advanced, 2025, 15:00 UTC), with its MACD showing a bullish crossover, suggesting potential upward movement (Coinbase Advanced, 2025, 15:00 UTC). Trading volumes for AIXBT-PERP reached 3,000 contracts by 15:00 UTC (Coinbase Advanced, 2025, 15:00 UTC), PNUT-PERP hit 9,000 contracts (Coinbase Advanced, 2025, 15:00 UTC), and VET-PERP saw 14,000 contracts traded (Coinbase Advanced, 2025, 15:00 UTC). These volume figures, coupled with the technical indicators, provide traders with critical insights into market sentiment and potential price movements, facilitating informed trading decisions.