All the three Ethereum tokens will start trading on Coinbase Pro later today subject to enough liquidity on the platform.
Three big crypto projects and their respective tokens will go live for trading ahead today on the Coinbase Pro exchange. ARPA, AUCTION and PERP will start trading today on Coinbase Pro subject to sufficient liquidity.
The inbound transfers for all three tokens started on Monday, October 18. The official announcement notes:
“Once sufficient supply of ARPA, AUCTION and PERP is established on the platform, trading on our ARPA-USD, ARPA-USDT, ARPA-EUR, AUCTION-USD, AUCTION-USDT, AUCTION-EUR, PERP-USD, PERP-USDT and PERP-EUR order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.”
The Coinbase Pro platform has been adding support for multiple tokens over the last few months. Some of the most popular ones are COTI and Axie Infinity (AXS).
About ARPA, AUCTION and PERP
- ARPA Chain: ARPA is a native Ethereum token powering the Arpa Chain blockchain. This blockchain serves as a computational network enabling privacy-preserving smart contracts, scalable off-chain transactions, and data storage. The ARPA token serves as the native currency to pay for computation and data. Besides, it also helps in governing the future of the network.
- Bounce: AUCTION is another Ethereum token powering Bounce, a decentralized auction protocol for token and NFT sales. The use of AUCTION facilitates several incentives on the protocol like providing benefits and governance rights for holders. AUCTION also serves as native crypto to pay for certified listings.
- Perpetual Protocol: This Ethereum token PERP powers decentralized exchange Perpetual Protocol, for perpetual contracts. Using such perpetual contracts, users can open leveraged long and short positions for a multitude of assets.
Coinbase Pro serves as a gateway for new crypto projects to come to life. In the past, it has helped projects like Braintrust (BTRST) to witness bumper listing gains. Furthermore, the dog meme coin Shiba Inu (SHIB) recently made its way to the Coinbase exchange. The recent listing of these three tokens can further provide a gateway for them to move to Coinbase.