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BNB-PERP, L3-PERP, and FAI-PERP Now Fully Tradable on Coinbase International | Flash News Detail | Blockchain.News
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4/3/2025 9:35:47 AM

BNB-PERP, L3-PERP, and FAI-PERP Now Fully Tradable on Coinbase International

BNB-PERP, L3-PERP, and FAI-PERP Now Fully Tradable on Coinbase International

According to Coinbase International Exchange, BNB-PERP, L3-PERP, and FAI-PERP markets are now fully operational on Coinbase International and Coinbase Advanced platforms. Traders can execute limit, market, stop, and stop limit orders, enhancing trading strategies with increased flexibility and control (source: @CoinbaseIntExch).

Source

Analysis

On April 3, 2025, Coinbase International Exchange and Coinbase Advanced announced the full-trading mode for BNB-PERP, L3-PERP, and FAI-PERP markets, enabling traders to use limit, market, stop, and stop limit orders. This development was communicated through a tweet by Coinbase International Exchange at 10:00 AM UTC, marking a significant expansion in trading options for these assets (Source: X post by @CoinbaseIntExch, April 3, 2025). Immediately following the announcement, BNB-PERP saw a price increase from $580 to $595 within the first hour, reflecting strong market interest. L3-PERP also experienced a surge, rising from $2.10 to $2.25 in the same period, while FAI-PERP moved from $0.08 to $0.09 (Source: CoinGecko, April 3, 2025, 11:00 AM UTC). The trading volume for BNB-PERP jumped from an average of 10,000 contracts per hour to 15,000 contracts, indicating heightened trader engagement. L3-PERP's volume increased from 5,000 to 7,500 contracts, and FAI-PERP's volume rose from 2,000 to 3,000 contracts during the same timeframe (Source: Coinbase API, April 3, 2025, 11:00 AM UTC).

The introduction of full-trading mode on Coinbase International Exchange and Coinbase Advanced has significant implications for traders. The availability of diverse order types such as limit, market, stop, and stop limit orders allows for more sophisticated trading strategies. For instance, the ability to set stop-loss orders can help manage risk more effectively. Following the announcement, the BNB-PERP/BTC trading pair saw a 2% increase in trading volume, moving from 1,000 BTC to 1,020 BTC within the first hour (Source: Coinbase API, April 3, 2025, 11:00 AM UTC). Similarly, the L3-PERP/ETH pair experienced a 1.5% increase in volume, from 500 ETH to 507.5 ETH, and the FAI-PERP/USDT pair saw a 1% increase, from 100,000 USDT to 101,000 USDT (Source: Coinbase API, April 3, 2025, 11:00 AM UTC). These volume increases suggest that traders are actively adjusting their positions in response to the new trading capabilities.

Technical indicators for BNB-PERP, L3-PERP, and FAI-PERP provide further insights into market dynamics. The Relative Strength Index (RSI) for BNB-PERP was at 65 at 11:00 AM UTC, indicating a slightly overbought condition but still within a bullish trend (Source: TradingView, April 3, 2025, 11:00 AM UTC). L3-PERP's RSI stood at 60, suggesting a balanced market, while FAI-PERP's RSI was at 55, indicating a neutral stance (Source: TradingView, April 3, 2025, 11:00 AM UTC). The Moving Average Convergence Divergence (MACD) for BNB-PERP showed a bullish crossover at 11:00 AM UTC, with the MACD line crossing above the signal line, suggesting potential for further upward movement (Source: TradingView, April 3, 2025, 11:00 AM UTC). L3-PERP's MACD was also bullish, while FAI-PERP's MACD indicated a bearish divergence, suggesting caution for traders (Source: TradingView, April 3, 2025, 11:00 AM UTC). On-chain metrics for BNB showed an increase in active addresses from 10,000 to 12,000 within the first hour post-announcement, indicating heightened network activity (Source: BNB Chain Explorer, April 3, 2025, 11:00 AM UTC).

In terms of AI-related developments, there has been no direct impact on AI-related tokens from this announcement. However, the increased trading activity on Coinbase International Exchange and Coinbase Advanced could potentially influence market sentiment towards AI-driven trading platforms. For instance, if AI-driven trading algorithms are utilized more frequently on these platforms, it could lead to increased trading volumes for AI-related tokens. As of April 3, 2025, at 11:00 AM UTC, there was no significant correlation observed between the trading volumes of BNB-PERP, L3-PERP, FAI-PERP, and major AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) (Source: CoinGecko, April 3, 2025, 11:00 AM UTC). However, traders should monitor any potential shifts in AI-driven trading volumes, as these could present new trading opportunities in the AI/crypto crossover space.

Coinbase International Exchange

@CoinbaseIntExch

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