Kaspa (KAS) Surges 10% After Coinbase Listing—Will the Rally Continue?
Kaspa (KAS) is on the move, up 10% today after Coinbase listing. The exchange has officially announced that the KAS-PERP market is live, adding more trading pairs and exposure for the token.
The listing is boosting investor sentiment as Kaspa uses the GHOSTDAG protocol, a technology that enhances security and speed. Market is VERY bullish, traders are watching closely.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, FSC, ASIC, CySEC, DFSA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | BVI FSC | USD 1 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Coinbase Adds KAS & SPX6900
February 20 – Coinbase announced on X (formerly Twitter) that KAS-PERP is now live on their International Exchange and Advanced trading platforms. Limit, market, stop and stop-limit orders are all available. More flexibility for traders.
Coinbase listing KAS-PERP follows their strategy of expanding their derivatives market which has historically led to bullish price action for new listed assets. We see this play out as Kaspa’s price jumps 10% after the listing.
Besides KAS, Coinbase also listed SPX6900 (SPX). SPX-PERP is now live for trading and SPX is getting a lot of attention from investors looking for new opportunities.
KAS & SPX Price Performance and Market Impact
The immediate market reaction to Coinbase’s listing was positive for both KAS and SPX.
Kaspa (KAS) Price Trends:
KAS spiked 10% before stabilizing at $0.1066.
Intraday highs and lows stood at $0.1091 and $0.1043, respectively.
Futures open interest (OI) for Kaspa increased 2%, reaching $102.40 million, per Coinglass data.
SPX6900 (SPX) Price Trends:
SPX saw a sharper surge, climbing 16% to $0.7330.
It hit an intraday peak of $0.7450 after bouncing from a low of $0.6102.
Futures OI for SPX surged 24%, hitting $19 million, signaling heightened investor interest.
The growing OI and market exposure indicate that traders are positioning themselves for further gains, particularly as Coinbase continues to expand its derivatives offerings. The recent listings are expected to drive increased liquidity and trading volume for both KAS and SPX.
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