Markets
Coinbase Unveils New Cryptocurrencies on Perpetual Market, Price Rise Ahead?
In a strategic and forward-thinking move aimed at enriching the trading ecosystem and promoting greater user engagement, Coinbase, one of the world’s leading cryptocurrency exchanges, has made an exciting announcement. The platform has added three new ones cryptocurrencies to their perpetual markets, further 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.
Improve accessibility and trading services on Coinbase
As part of its commitment to providing a seamless trading experience, Coinbase has meticulously planned the launch 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 is now in full trading mode on both Coinbase International Exchange and Coinbase Advanced, with various 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 Advanced Coinbase. During this phase, customers can place and cancel limit orders, but there will be no matches between orders. 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
In light of these exciting developments, it is essential to examine the market performance of the cryptocurrencies featured in the newly introduced trading pairs. The price of Ondo (ONDO) it is worth today 0.9847 dollars, with a trading volume in the 24 hours of 195.7 million dollars. 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 Pyth Network (PYTH) is $0.4542 today, with 24-hour trading volume of $115 million. This represents a price decline of 2.95% over the past 24 hours but a price increase of 3.62% over the past seven days. ZetaChain (ZETA) price today is $1.56, with a 24-hour trading volume of $28 million. This represents a price drop of 3.04% over the last 24 hours and a price drop of 7.80% over the last seven days.
Additionally, Coinbase is the largest cryptocurrency exchange by volume in the United States outflows reaching 47.9% due to market uncertainties, with a trading volume pegged above $3 billion. Bybit, the second-largest global exchange by volume, fell 30.5%, although trading activity stood at about $5.04 billion.
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