Two Ethereum-based altcoins have been added to Coinbase’s ever-growing collection of crypto assets.
Trading in ARPA Chain (ARPA) and Perpetual Protocol (PERP), which were previously only available on Coinbase Pro, has now begun on Coinbase’s main retail trading platform and mobile applications as well.
Data storage and privacy-preserving smart contracts go hand in hand with a blockchain-based computation network powered by ARPA Chain’s ARPA token, which can be used to combat credit fraud and secure data wallets.
Precision marketing, joint AI model training, and key management systems are examples of other applications.
Although the price of ARPA soared after the initial announcement of its inclusion in Coinbase Pro, it has since stabilized and is currently trading at $0.16 per coin. According to CoinGecko, it is down 13% from its seven-day high of $0.18.
A decentralized platform for opening leveraged perpetual contracts in fiat money, cryptos, or other commodities without the need for middlemen is powered by Perpetual Protocol’s PERP protocol.
In contrast to futures contracts, perpetual contracts have no expiration date and are therefore derivative contracts.
According to CoinGecko, PERP is currently trading at $16.13, down 20% from its seven-day high of $19.28.