🎉Hey there, BTC enthusiasts! Let's talk about some exciting news from Coinbase! 🚀

The US-based cryptocurrency exchange has given the green light for trading Ripple's native token, XRP, in New York. 🗽 Now, New Yorkers can buy, sell, convert, send, receive, or store XRP via the Coinbase iOS and Android apps. 📱

This announcement may have triggered a brief price spike for XRP, soaring to $0.53 before settling back to around $0.51. 📈 But hey, that's the crypto market for you - always full of surprises! 🎢

Remember when Coinbase first embraced XRP in 2019, but then delisted it after the SEC filed a lawsuit against Ripple? Well, they relisted it after Ripple's first partial court win against the regulator. 👏

But wait, there's more! Coinbase is also diving into the meme coin sector, introducing perpetual futures contracts for Shiba Inu (SHIB), Bonk Inu (BONK), and Floki Inu (FLOKI). 🐕 These options will be available for users starting May 30.

Perpetual futures contracts are a type of derivative product that allows traders to speculate on future price movements of digital assets without owning them. They don't have an expiration date, offer high leverage, and require users to maintain a certain margin level to keep their positions open.

So, whether you're a fan of XRP or meme coins, there's something for everyone at Coinbase! 🎉 Stay tuned for more updates! 🚀