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Coinbase Releases Support For New Crypto Assets on Retail Trading Platform

Recently, Coinbase adds two altcoins on Ethereum to its expanding platform of crypto assets.

Notably, ARPA Chain (ARPA) and Perpetual Protocol (PERP), initially is only available on Coinbase Pro. Currently, they are now open for trading Coinbase main retail trading platform. Also, on the company’s mobile applications.

Additionally, ARPA is the token that powers ARPA Chain. Also, ARPA Chain is a blockchain-based computation network that features data storage. Which of course, includes smart contracts that preserve privacy, and scalable off-chain transactions. These is for counter credit fraud and securing data wallets.

Currently, ARPA is trading on Coinbase main retail platform

More so, some other notable use cases include precision marketing, joint AI model training. Also, and key management systems.

Additionally, ARPA price spikes after the original Coinbase Pro listing announcement. However, it sees slight retracements and is currently trading around $0.16. Notably, this implies a 13% decline from its seven-day high of $0.18, according to CoinGecko.

Furthermore, PERP powers Perpetual Protocol is a decentralized platform for opening up leveraged perpetual contracts. Notably, in fiat money, cryptos, or other commodities with no middleman.

Lastly, Perpetual contracts are derivative contracts like futures, with an exception of no expiration dates.

Conclusively, PERP is currently trading on Coinbase at around $16.13. Of course, this signifies a 20% decrease from its seven-day high of $19.28. according to CoinGecko.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.