Coinbase Exchange has rearranged its platforms by listing major Ethereum Decentralized Financial (DEFI) tokens. Follow An update In the official X handle, Coinbase said that all trading activities of MKR-PERP have been suspended in exchange.
Coinbase will close Maker Perp Contract trading
In particular, MKR-PERP is a lasting futures contract for Maker on Coinbase’s trading platform. Listing assets does not allow traders to open or close new positions. Meanwhile, Coinbase said it automatically resolved open positions for the asset pair.
The final settlement price for these remaining contracts is fixed at $1,814.05. The exchange arrived at this figure by taking into account the average market price of the MKR 60 minutes before the delisting took place.
As previously announced, we have suspended trading of MKR-PERP on Coinbase Advanced and Coinbase International Exchange. The remaining open positions were automatically resolved using a final settlement price of 1,814.05 USDC. This was the average index price for a 60 year old…
– Coinbase Markets
Coinbase has done that on a regular basis Registration campaign To ensure that all assets listed on the exchange meet that standard. The reason for this current listing has not been stated, but Coinbase’s actions indicate that MKR-PERP does not meet the listing requirements.
It is worth mentioning that automatic settlements are likely to affect liquidity for short-term traders and aggressive investors. Regardless of the settlement, some users responded to a sudden halt. Some people insist on manipulation because traders were not given enough time to close their positions.
Others consider it a fair and transparent move, given the compensation prices of those trading the PARP market. The manufacturer’s Dao prices moved in the opposite direction, in response to general expectations.
The token had changed hands for $1,821.63 over the past 24 hours.
Related registrations are not uncommon in the broader crypto market. Binance recently announced that it will abolish Bakery Token (Bake), Hifi Finance (Hifi), and more, which are in effect as of September 17th. The price has been spikedBake rose 170% and HiFi rose 28%.
Coinbase taps Ethereum Foundation Google for AI Payments
Meanwhile, in another development, Coinbase has worked with Tech Giant Google and The Ethereum Foundation.
Google has launched a move to leverage Coinbase’s platform for payment interoperability. Commenting on the partnership, Coinbase CEO Brian Armstrong said: A new era of AI agents.
Google’s goal is to enable AI agents to resolve financial transactions on both traditional trails and Stablecoins. That’s how Google goes ahead before innovation becomes popular.
