Starting today, Coinbase and Coinbase Pro are accepting BarnBridge (BOND), Livepeer (LPT) and Quant (QNT) trades.
In a blog post on their website, Coinbase explains:
Once sufficient supply of BOND, LPT & QNT is established on the platform, trading on our BOND-USD, LPT-USD & QNT-USD order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
Earlier this month, Coinbase added Dogecoin as a cryptocurrency trading option.
What are the new tokens?
BarnBridge (BOND) is described as “an Ethereum token that governs BarnBridge, a protocol that enables users to hedge against DeFi yield sensitivity and price volatility. Its first application, SMART Yield, allows users to choose between risk profiles for lending on DeFi protocols such as Aave and Compound.”
Livepeer (LPT) is described as “an Ethereum token that powers the Livepeer network, a platform for decentralized video streaming. LPT is required to perform the work of transcoding and distributing video on the network while also incentivizing peers to ensure that the network is cost-effective and secure.”
Meanwhile, Quant (QNT) is “an Ethereum token that is used to power Quant Network’s Overledger brand of enterprise software solutions, which aim to connect public blockchains and private networks. Quant Network allows the creation of so-called mDapps that enable decentralized applications to operate on multiple blockchains at once.”
At the time of publication (7 PM Eastern Time on 6/24/21), BarnBridge was trading at $34.57. Meanwhile, Liverpeer was trading at $23.22 and Quant was trading at $75.98.
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