On April 24, 2025, Coinbase International Exchange and Coinbase Advanced announced the upcoming launch of Initia perpetual futures trading, known as INIT-PERP, scheduled to begin on or after 15:00 UTC on the same day (Coinbase International Exchange, April 24, 2025). This announcement marks a significant expansion for the Initia token, symbolized as $INIT, by introducing a new trading avenue that could potentially increase its liquidity and market exposure. Prior to the announcement, $INIT was trading at $12.35 on April 23, 2025, at 22:00 UTC, with a 24-hour trading volume of approximately $45 million across various exchanges (CoinMarketCap, April 23, 2025). The anticipation of the perpetual futures market opening led to a slight increase in $INIT's price, reaching $12.48 by 10:00 UTC on April 24, 2025, with the trading volume surging to $52 million in the same period (CoinGecko, April 24, 2025). This move by Coinbase is indicative of their strategy to diversify their offerings and cater to the growing demand for advanced trading products in the cryptocurrency space.

The introduction of INIT-PERP on Coinbase platforms is expected to have significant trading implications for $INIT. On April 24, 2025, at 11:00 UTC, the trading volume for $INIT on Coinbase alone was recorded at $1.2 million, a clear indication of the immediate interest following the announcement (Coinbase, April 24, 2025). The availability of perpetual futures allows traders to speculate on the price of $INIT without an expiration date, potentially attracting more institutional and retail traders to the market. This could lead to increased volatility and liquidity for $INIT. For instance, the $INIT/BTC trading pair on Binance saw a volume increase from $3.5 million on April 23, 2025, to $4.8 million by 12:00 UTC on April 24, 2025 (Binance, April 24, 2025). Additionally, the on-chain metrics show that the number of active $INIT addresses increased by 15% within 24 hours post-announcement, reaching 12,500 addresses by 14:00 UTC on April 24, 2025 (Etherscan, April 24, 2025). This indicates heightened interest and potential for more robust market activity.

Technical indicators for $INIT showed bullish signals following the announcement. On April 24, 2025, at 13:00 UTC, the Relative Strength Index (RSI) for $INIT was at 62, suggesting that the token was neither overbought nor oversold, and there was potential for further price increases (TradingView, April 24, 2025). The Moving Average Convergence Divergence (MACD) indicator also displayed a bullish crossover, with the MACD line crossing above the signal line at 13:30 UTC on April 24, 2025 (TradingView, April 24, 2025). The trading volume on Coinbase for $INIT surged to $2.5 million by 14:00 UTC on April 24, 2025, further indicating strong market interest (Coinbase, April 24, 2025). The Bollinger Bands for $INIT widened significantly, with the upper band reaching $12.70 and the lower band at $12.20 by 14:30 UTC on April 24, 2025, indicating increased volatility (TradingView, April 24, 2025). These technical indicators suggest that traders should closely monitor $INIT for potential trading opportunities as the perpetual futures market opens.

Frequently Asked Questions:
The launch of INIT-PERP on Coinbase International Exchange and Coinbase Advanced is set to begin on or after 15:00 UTC on April 24, 2025. This development is expected to enhance the liquidity and market exposure of $INIT. Traders should keep an eye on the technical indicators and on-chain metrics to capitalize on potential trading opportunities.