Coinbase International, the global arm of the largest US cryptocurrency exchange Coinbase, has announced the listing of three new altcoins for perpetual trading.
The new altcoins that will be available for perpetual trading on Coinbase International Exchange and Coinbase Advanced are Curve DAO (CRV), Ethereum Name Service (ENS), and ConstitutionDAO (PEOPLE).
Perpetual trading allows traders to speculate on the future price of an asset without actually owning the asset itself. This is done by using a margin account, which means that traders only need to deposit a small percentage of the total trade value.
The listing of these three new altcoins is a sign of Coinbase’s continued commitment to offering its customers a wide variety of trading options.
CRV is a decentralized exchange (DEX) liquidity token that powers the Curve protocol. ENS is a domain name registry for the Ethereum blockchain. PEOPLE is a governance token for the ConstitutionDAO project.
The perpetual trading markets for CRV, ENS, and PEOPLE will go live on July 18, 2024, at 9:30 UTC.