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Top US Cryptocurrency Exchange Coinbase Lists One Ethereum (Ethereum) Restoring the draft protocol to trading before launch.
In a new announcement, Coinbase He says That EigenLayer (EIGEN) is now available For trading ahead of its official launch on the International Exchange and Coinbase Advanced for users in eligible jurisdictions outside the US, UK and Canada.
Coinbase says,
“You can now trade EIGEN-PERP with up to 2x leverage. EIGEN starts at $7,307 and has an implied FDV (fully diluted valuation) of $12.2 billion.
EigenLayer allows ETH holders to repossess their tokens for use as “cryptoeconomic security” for protocols other than Ethereum, in exchange for protocol fees and rewards, according to EigenLayer. website.
Pre-launch trading on Coinbase is a newly added feature.
He says coinbase,
“Pre-launch markets allow users to trade perpetual futures contracts on tokens that have not yet been launched. When the underlying token launches on applicable spot exchanges, the instrument turns into a standard perpetual contract. Pre-launch markets on Coinbase allow users to participate in price discovery for projects Coming on a reliable and secure platform.
Coinbase also warns that there are higher risks when trading digital assets ahead of the launch.
“Pre-launch markets differ significantly from standard perpetual futures markets, carrying unique considerations and presenting elevated risks. It is essential to exercise caution and refrain from trading contracts that you do not know or do not fully understand the risks associated with.
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Featured Image: shutterstock/tsunwomb
