Coinbase, a top US crypto exchange has added one Ethereum to its list.ETHRestaking Protocol Project (for pre-launch trading)
Coinbase has made a recent announcement. says EigenLayer, or Eigenlayer (EIGEN), is available now available Users in countries other than the US, UK and Canada who are eligible to trade the cryptocurrency before its launch can do so on Coinbase Advanced and the International Exchange.
Says Coinbase,
“You can now trade EIGEN-PERP with up to 2x leverage. EIGEN opens with a price of $7.307 and an Implied FDV (fully diluted valuation ) of $12.2 billion.”
EigenLayer enables holders of ETH to re-stake tokens in order to use them for other purposes. “cryptoeconomic security” EigenLayer offers protocol rewards and fees in exchange for other protocols than Ethereum. website.
Coinbase now offers pre-launch trades.
Says Coinbase,
“Pre-launch markets allow users to trade perpetual futures contracts on tokens that have not launched yet. When the underlying token is launched on applicable spot exchanges, the instrument converts to a standard perpetual contract. Pre-launch markets on Coinbase allow users to participate in price discovery for upcoming projects on a trusted and secure platform.”
Coinbase has also warned that trading in the pre-launched digital assets carries higher risks.
“Pre-launch markets significantly differ from standard perpetual futures markets, carrying unique considerations and posing elevated risks. It is crucial to exercise caution and refrain from trading contracts that you are unfamiliar with or do not fully understand the associated risks.”
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