In a forward-looking initiative to enhance its trading platform and boost user engagement, Coinbase, one of the top cryptocurrency exchanges globally, has announced the addition of three new cryptocurrencies to its perpetual markets. This move aims to broaden the trading options for its worldwide user base and keep the platform competitive in the fast-changing crypto industry.

Improving Trading Options and Services on Coinbase

Coinbase has carefully orchestrated the launch of these new perpetual trading pairs to ensure a seamless user experience. As of today, May 23, trading is fully active for ONDO-PERP, PYTH-PERP, and ZETA-PERP on both the Coinbase International Exchange and Coinbase Advanced. Users can utilize various order types such as limit, market, stop, and stop-limit orders.

Initially, these new markets will be in a post-only phase on Coinbase International Exchange and Coinbase Advanced. During this period, users can place and cancel limit orders, but no orders will be matched. This post-only phase will last for at least one minute, allowing for a smooth transition to full trading activity.

Analyzing the Market Performance of New Cryptos

With these exciting updates, it's crucial to look at how the newly listed cryptocurrencies are performing. Ondo (ONDO) is priced at $0.9847 today, with a 24-hour trading volume of $195.7 million. This marks a 6.77% price increase in the past 24 hours and a 14.30% rise over the last seven days.

Pyth Network (PYTH) is currently priced at $0.4542, with a 24-hour trading volume of $115 million. Despite a 2.95% drop in the past 24 hours, it has seen a 3.62% increase over the past week. ZetaChain (ZETA) is valued at $1.56 today, with a 24-hour trading volume of $28 million, experiencing a 3.04% drop in the past 24 hours and a 7.80% decline over the past seven days.

Moreover, Coinbase, the largest crypto exchange in the US by volume, has experienced a 47.9% outflow amid market uncertainties, with trading volumes above $3 billion. Bybit, the second-largest global exchange by volume, saw a 30.5% drop, though its trading activity remains around $5.04 billion.

In conclusion, Coinbase's introduction of ONDO-PERP, PYTH-PERP, and ZETA-PERP to its perpetual markets is a strategic move to diversify trading options and enhance user engagement. While the performance of these new cryptocurrencies varies, this expansion reflects Coinbase's commitment to providing a robust trading environment amid the dynamic crypto market.