KAITO price gained significant investor traction on Thursday, surging by 33% despite the broader market’s sluggish performance. The token’s impressive rally was primarily fueled by its new perpetual listing on Coinbase International Exchange, which heightened market exposure and strengthened bullish sentiment among traders.
Coinbase Listing Sparks KAITO Price Rally
On February 27, Coinbase International Exchange officially announced the activation of KAITO-PERP trading. The introduction of perpetual contracts allows traders to engage in ‘limit, market, stop, and stop-limit’ orders, boosting market liquidity and driving significant price appreciation.
Historically, such listings on major crypto exchanges have triggered strong price reactions. Binance’s recent enhancements to KAITO trading, including spot trade offerings and bot services on February 24, contributed to a 75% price increase. This indicates that exchange-driven exposure plays a crucial role in shaping KAITO’s bullish trajectory.
Our VIRTUAL-PERP, KAITO-PERP, and B3-PERP markets are now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. $VIRTUAL $KAITO $B3 pic.twitter.com/ZRejU7xaoK
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) February 27, 2025
Coinbase Expands Perpetual Listings
Alongside KAITO, Coinbase also introduced perpetual contracts for Virtuals Protocol (VIRTUAL) and B3 (B3). These listings provided an immediate boost to both assets, with VIRTUAL rising 3% to $1.13 and B3 gaining 7%, reaching $0.006416. The concurrent listings suggest that Coinbase is expanding its perpetual offerings, reinforcing its role as a key market driver.
KAITO Price Outlook: Is a New ATH on the Horizon?
As of press time, KAITO is trading at $2.77, having reached an intraday high of $2.92 and a low of $1.97. The token’s 24-hour trading volume soared by 183.45% to $2.06 billion, highlighting increased investor activity.
Technical analysis indicates that KAITO is forming a bullish engulfing pattern on the weekly chart, signaling strong buying momentum. With growing institutional and retail interest, analysts predict a potential retest of KAITO’s all-time high (ATH) of $3 in the near term.
Also Read: BlackRock Moves $204M in Bitcoin & Ethereum to Coinbase
As market sentiment remains optimistic, traders are closely monitoring KAITO’s price action, anticipating further gains fueled by its enhanced market visibility and strong exchange support. Whether the token can sustain its upward momentum remains to be seen, but the latest developments position KAITO as a prominent contender in the crypto landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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