On April 20, 2026, Coinbase officially activated the BASED1-PERP market on both Coinbase Advanced and Coinbase International, allowing retail and institutional traders to go long or short with leverage. By the next day, the Based1 token price had surged to $0.1662, a 24-hour gain of 65%. Trading volume exploded to $203.32 million, up 95.67%, against a circulating market cap of roughly $235 million.
Coinbase Perps Open Deep Liquidity
The perpetual futures listing marks a major milestone for Based1. Prior to this, the token lacked deep order books on Tier-1 exchanges. With BASED1-PERP now live, volume in a single day nearly matched its entire market cap, signaling strong institutional and retail appetite. Traders can access the market directly via Coinbase Advanced or Coinbase International.
Hyperliquid Backbone + Visa Card Utility
The rally isn't just hype. Based1 runs on the Hyperliquid L1 chain, offering sub-second transaction finality. More importantly, the ecosystem includes a Visa card usable at 70 million merchants globally, enabling users to spend tokens directly. The mobile app bundles spot trading, perpetual positions, and card management in one interface.
Weekly gains already outpace competitors like Compound (COMP), making Based1 the top DeFi performer. On-chain activity surged 114% in active traders, and search volume hit 1,900 queries per day.
Why Based1 Is Not Pi Network 2.0
Social media debates compare Based1 to Pi Network due to both targeting mobile-first crypto users. However, Pi Network has faced years of closed mainnet and zero tradable value. Based1, by contrast, already has a functional Visa card, real exchange listings, and live perpetual futures. Industry observers note that Based1's revenue from platform fees and exchange liquidity provides a genuine economic foundation, unlike Pi's purely social-driven model.
What's Next: Korean Exchange Rumors
Speculation is mounting that South Korean exchanges Upbit and Bithumb may list Based1 soon. If confirmed, a Kimchi premium could drive the token price toward $0.20 or higher. Traders are also watching Kraken and Gemini for potential follow-up listings.
Users can buy spot tokens on Coinbase, Binance Alpha, or OKX via USD or USDT pairs. Perpetual trading is available on Coinbase Advanced. The Based1 mobile app consolidates spot, perps, and Visa card spending into one dashboard.
This article is for informational purposes only and does not constitute financial advice.