Prime US crypto change Coinbase is itemizing one Ethereum (ETH) restaking protocol challenge for pre-launch buying and selling.
In a brand new announcement, Coinbase says that EigenLayer (EIGEN) is now available for buying and selling forward of its official launch on the platform’s Worldwide Trade and Coinbase Superior for customers in eligible jurisdictions exterior of the US, UK, and Canada.
Says Coinbase,
“Now you can commerce EIGEN-PERP with as much as 2x leverage. EIGEN opens with a value of $7.307 and an Implied FDV (absolutely diluted valuation ) of $12.2 billion.”
EigenLayer permits ETH holders to re-stake their tokens to be used as “cryptoeconomic safety” for protocols apart from Ethereum, in change for protocol charges and rewards, in line with EigenLayer’s website.
Pre-launch buying and selling on Coinbase is a newly added characteristic.
Says Coinbase,
“Pre-launch markets permit customers to commerce perpetual futures contracts on tokens that haven’t launched but. When the underlying token is launched on relevant spot exchanges, the instrument converts to a normal perpetual contract. Pre-launch markets on Coinbase permit customers to take part in value discovery for upcoming tasks on a trusted and safe platform.”
Coinbase additionally warns there are greater dangers when buying and selling the pre-launch digital property.
“Pre-launch markets considerably differ from customary perpetual futures markets, carrying distinctive issues and posing elevated dangers. It’s essential to train warning and chorus from buying and selling contracts that you’re unfamiliar with or don’t absolutely perceive the related dangers.”
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