One of the leading cryptocurrency exchanges, Coinbase, has announced the addition of three major cryptocurrencies on its platform. The newly listed assets are perpetual futures for Dimension (DYM), Maker (MKR), and Aave (AAVE). This update has sparked discussions about the potential impact on the prices of these assets.
Starting from 12:30 PM (Bulgarian time) on August 1, 2024, Coinbase will offer perpetual futures for Dymension, Maker, and Aave on both its international and pro exchange. This move aims to cater to the increasing demand for diverse crypto investment opportunities.
Historically, being listed on top exchanges like Coinbase often leads to positive price movements for newly added assets. Such announcements are seen as validations, boost investor confidence, and result in price surges. It is expected that the introduction of DYM-PERP, MKR-PERP, and AAVE-PERP markets will follow this trend.
The crypto community eagerly watches how these new listings will impact the market. Positive announcements from major exchanges usually lead to price spikes due to increased transparency and accessibility, attracting more investors and traders.
The exchange’s decision to support these futures is likely to enhance liquidity and trading volume, which often leads to increased demand. However, market conditions and investor sentiments will also play a crucial role in determining the price movements of these assets.