For a long time, listing and delisting news by cryptocurrency exchanges have had significant impacts on the market. Announcements by high-volume exchanges are known to have even greater effects. Leading exchanges like Binance, Coinbase, and others continue to list tokens actively, especially ahead of the anticipated bull season. Coinbase recently shared an important update with its users.
Coinbase Lists New Tokens
Coinbase announced that IMX and FLOW coins will be listed for futures trading. Previous listings have triggered significant price increases. The announcement from Coinbase was as follows:
CoinbaseIntExch Coinbase International Exchange and Coinbase Advanced will add support for Immutable and Flow perpetual futures. Our IMX-PERP and FLOW-PERP markets will open on September 12, 2024, at or after 9:30 AM. $IMX $FLOW
According to the exchange, trading will start at 12:30 PM Turkey time on September 12. Following the news, attention turned to the prices of IMX and FLOW, which were negatively affected by BTC’s price decline.
Current Prices of IMX and FLOW
Despite the news, IMX and FLOW continued to see noticeable price drops. IMX fell by 5% in the last 24 hours to $1.18, marking a 20% decline over the past week.
IMX’s market cap dropped to $1.8 billion, with a trading volume of $41 million, indicating a neutral outlook.
FLOW experienced a 4.84% drop, falling to $0.5338. Its market cap decreased to $816 million, placing it 69th in volume rankings, with a trading volume of $27.5 million.
