Coinbase announced that Story Protocol has begun to list the crypto currency IP Token. Users will now be able to transfer their IP tokens via Coinbase and Coinbase Exchange. However, the platform warned that there may be fund loss in transactions made on different networks.
IP token operations start gradually
Coinbase said that the IP-USD processing pair will be activated gradually. The company said that after sufficient liquidity has been achieved, IP transactions will be started gradually and that there may be listing restrictions in some regions.
In addition, Coinbase announced that IP Token will be listed with the “Experimental” label. This label is usually given to new assets with higher risk. Users were warned to be careful against market fluctuations while trading with these assets.
IP futures transactions are launched standard market
Coinbase International Exchange announced that IP Token will also be included in the futures market. The current IP-PERP pre-launch market will be converted into a standard perpetual futures market. It was stated that this transition will start around 18:00 TSI on February 13 and will be completed about four hours.
This transition can strengthen the position of IP token in the derivative markets. Standard continuous term transactions can help increase liquidity by offering investors a more stable market structure. Coinbase’s move shows that IP Token will be positioned as a powerful asset not only on the spot market, but also in the derivative market. This may have a significant impact on IP Token’s price movements and market depth.
Coinbase and IP ecosystem
Story Protocol draws attention as one of the innovative projects aimed at securing intellectual property rights with a block chain -based system. Coinbase’s listing IP Token can accelerate the adoption of this project and increase the long -term value of IP Token.
With this development, investors may expect to increase the demands for IP Token and significant fluctuations in price movements. However, due to the “experimental” label and the process of opening transactions, the market reaction can be realized in a gradual and controlled manner. In the coming period, IP Token’s trading volume and price movements in Coinbase will be one of the most important factors that determine the general interest in Story Protocol’s ecosystem.
