One of the leading cryptocurrency exchanges, Coinbase, has announced the addition of three major cryptocurrencies on its platform – perpetual futures for Dimension (DYM), Maker (MKR), and Aave (AAVE). This update has sparked discussions regarding 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 advanced exchange. This move aims to meet 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 confirmations, boosting investor confidence and driving price gains. The introduction of DYM-PERP, MKR-PERP, and AAVE-PERP markets is expected to follow this trend.
The crypto community eagerly watches how these new listings will impact the market. Positive announcements from major exchanges usually result in price spikes due to increased transparency and accessibility, attracting more investors and traders.
The exchange’s decision to support these futures is likely to increase liquidity and trading volume, often leading to greater demand. However, market conditions and investor sentiments will also play a crucial role in determining the price movements of these assets.