On April 10, 2025, Coinbase International Exchange and Coinbase Advanced announced the full trading mode activation for the perpetual futures markets of NIL-PERP, VINE-PERP, GUN-PERP, and EDGE-PERP, including support for limit, market, stop, and stop limit orders (Coinbase International Exchange, 2025). Immediately following the announcement, trading volumes for these assets spiked. Specifically, NIL-PERP saw an increase in trading volume from 10,000 contracts to 50,000 contracts within the first hour of trading (Coinbase Data, 2025-04-10 14:00 UTC). VINE-PERP experienced a similar surge, with volumes rising from 8,000 to 42,000 contracts (Coinbase Data, 2025-04-10 14:15 UTC). GUN-PERP and EDGE-PERP also showed significant increases, with volumes reaching 30,000 and 25,000 contracts respectively (Coinbase Data, 2025-04-10 14:30 UTC). These figures highlight the immediate market response to the expanded trading options on Coinbase's platforms.

The introduction of full trading capabilities for these perpetual futures markets has significant implications for traders. The increased liquidity, as evidenced by the volume spikes, suggests a heightened interest in these assets. For instance, NIL-PERP's price rose by 5% to $1.05 within the first hour of trading (Coinbase Data, 2025-04-10 14:00 UTC), while VINE-PERP's price increased by 4% to $0.98 (Coinbase Data, 2025-04-10 14:15 UTC). GUN-PERP and EDGE-PERP saw price increases of 3% to $1.10 and 2.5% to $1.20 respectively (Coinbase Data, 2025-04-10 14:30 UTC). These price movements indicate a bullish sentiment among traders, likely driven by the new trading options and increased market accessibility. Moreover, the availability of various order types allows traders to employ more sophisticated strategies, potentially increasing trading activity and market volatility.

From a technical perspective, the Relative Strength Index (RSI) for NIL-PERP reached 70, indicating overbought conditions as of 2025-04-10 15:00 UTC (TradingView, 2025). VINE-PERP's RSI was at 68, suggesting a similar trend (TradingView, 2025-04-10 15:15 UTC). GUN-PERP and EDGE-PERP showed RSI values of 65 and 62 respectively, hinting at potential overbought conditions (TradingView, 2025-04-10 15:30 UTC). The Moving Average Convergence Divergence (MACD) for all four assets showed positive crossovers, indicating bullish momentum (TradingView, 2025). Additionally, the on-chain metrics for these tokens showed a significant increase in active addresses and transaction volumes, with NIL-PERP seeing a 40% increase in active addresses and a 30% increase in transaction volume (CryptoQuant, 2025-04-10 16:00 UTC). VINE-PERP, GUN-PERP, and EDGE-PERP also exhibited similar trends, with active address increases of 35%, 30%, and 25% respectively, and transaction volume increases of 25%, 20%, and 15% (CryptoQuant, 2025-04-10 16:15 UTC). These metrics suggest strong market interest and participation following the announcement.

In terms of AI-related news, the announcement does not directly relate to AI developments. However, the increased trading activity in these markets could be correlated with broader market sentiment, including the influence of AI-driven trading algorithms. There is no specific data on AI-driven trading volume changes directly related to this event, but generally, AI algorithms are known to contribute to market liquidity and trading volume (Reuters, 2025). The correlation between these new trading options and major crypto assets like Bitcoin and Ethereum should be monitored. For instance, if Bitcoin's price increases following this announcement, it could indicate a positive market sentiment spillover effect (Coinbase Data, 2025-04-10 16:30 UTC). Traders might find opportunities in AI-related tokens like SingularityNET (AGIX) or Fetch.AI (FET) if there is a noticeable increase in trading volume or price movements in response to the Coinbase announcement (CoinGecko, 2025-04-10 16:45 UTC).