Markets
Coinbase Unveils New Cryptos on Perpetual Market, Price Rise Coming?
In a strategic and forward-thinking move to enrich the trading ecosystem and drive greater user engagement, Coinbase, one of the world’s leading cryptocurrency exchanges, has made an exciting announcement. The platform has added three new cryptocurrencies on their perpetual markets, thereby expanding the range of options available to its global user base. This expansion is part of Coinbase’s ongoing efforts to provide its users with diverse trading opportunities and remain competitive in the rapidly evolving cryptocurrency landscape.
Improving Accessibility and Trading Services on Coinbase
As part of its commitment to providing a seamless trading experience, Coinbase has meticulously planned the deployment of these new pairs for perpetual trading. Trading is now fully open for ONDO-PERP, PYTH-PERP and ZETA-PERP on the perpetual markets starting today, May 23. Coinbase Markets are now in full trading mode on Coinbase International Exchange and Coinbase Advanced, with different order types. available, including limit, market, stop and stop-limit orders.
The ONDO-PERP, PYTH-PERP and ZETA-PERP markets will initially enter post-only mode on Coinbase International Exchange and Coinbase Advanced. During this phase, customers can post and cancel limited orders, but there will be no order matches. This post-only mode will last at least one minute, ensuring a smooth and controlled transition to full trading.
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Market Analysis and Performance of Newly Added Cryptocurrencies
Against the backdrop of these exciting developments, it is essential to examine the market performance of cryptocurrencies featured in the newly introduced trading pairs. The price of Ondo (ONDO) is $0.9847 today, with a 24-hour trading volume of $195.7 million. This represents a price increase of 6.77% over the last 24 hours and a price increase of 14.30% over the last seven days.
The price of Python Network (PYTH) is $0.4542 today, with a 24-hour trading volume of $115 million. This represents a price drop of 2.95% over the past 24 hours, but a price increase of 3.62% over the past seven days. ZetaChain (ZETA) price is $1.56 today, with a 24-hour trading volume of $28 million. This represents a price drop of 3.04% over the past 24 hours and a price drop of 7.80% over the past seven days.
Additionally, Coinbase, the largest crypto exchange by volume in the United States, saw exits reaching 47.9% following market uncertainties, with a trading volume exceeding $3 billion. Bybit, the world’s second-largest exchange by volume, fell 30.5%, although trading activity stood at around $5.04 billion.
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