Coinbase adds ONDO, PYTH, and ZETA to its perpetual markets, providing traders additional opportunities amid market volatility.
Coinbase, one of the world’s leading cryptocurrency exchanges, has significantly announced to improve the trading ecosystem and increase user involvement.
The company has introduced three new cryptocurrencies to their permanent markets, broadening the range of options for its global user base.
Coinbase continues to provide its users with a variety of trading opportunities and to remain competitive in the swiftly evolving cryptocurrency industry through this expansion.
Enhancing Coinbase’s Trading Accessibility and Services
To ensure a smooth trading experience, Coinbase has carefully orchestrated the introduction of these additional pairings for perpetual trading.
As of today, May 23, trading in ONDO-PERP, PYTH-PERP, and ZETA-PERP on the perpetual markets has commenced in its entirety.
On both Coinbase International Exchange and Coinbase Advanced, Coinbase’s markets are currently operational, accepting various order types (limit, market, stop, and stop-limit orders, among others).
Initially, Coinbase International Exchange and Coinbase Advanced will observe the ONDO-PERP, PYTH-PERP, and ZETA-PERP markets in post-only mode.
Customers may submit and revoke limit orders during this phase; however, order matches will not be considered.
This post-only mode will last at least one minute, ensuring a smooth and controlled transition to full trading.
Performance and Market Analysis of Newly Added
In light of these noteworthy advancements, assessing the market performance of the cryptocurrencies that are the subject of the recently introduced trading pairs is critical.
Ondo (ONDO) is currently trading at $0.9847 per share, with a 24-hour volume of $195.7 million.
This signifies a price escalation of 6.77% within the previous twenty-four hours and 14.30% within the last 7 days.
At this moment, Pyth Network (PYTH) is trading at $0.4542 per share, with a 24-hour volume of $115 million.
This reflects a price decrease of 2.95% in the past 24 hours and a price increase of 3.62% over the last seven days.
ZetaChain (ZETA) trades at $1.56 per unit, with a 24-hour volume of $28 million transactions.
This indicates that the price decreased by 3.04% in the previous twenty-four hours and 7.80% in the last seven days.
Coinbase, the largest cryptocurrency exchange by volume in the United States, also experienced significant outflows, reaching 47.9%, in the wake of market uncertainties. Trading volume on Coinbase exceeded $3 billion.
Bybit, the second-largest global exchange by volume, fell 30.5% despite roughly $5.04 billion trading activity.
