Coinbase Pro, the largest cryptocurrency exchange in the United States, announced the new listing of three stocks on Monday. The new tokens are ARPA Chain (ARPA), Bounce (AUCTION), and Perpetual Protocol (PERP).
As per the announcement, the company has started accepting inbound transactions and would enable trading starting October 19 at 9:00 AM Pacific Time (4:00 PM UTC).
Trading pairs offered would be ARPA-USD, ARPA-USDT, ARPA-EUR, AUCTION-USD, AUCTION-USDT, AUCTION-EUR, PERP-USD, PERP-USDT, PERP-EUR.
Soon after the announcement, Bounce and Arpa Chain surged 25% in the past 24 hours taking their prices to $41.98 and $0.186, respectively. Their prices have since stabilized and were changing hands at $38.95 and $0.173 at press time.
ARPA is a native token of the Ethereum infrastructure project ARPA Chain.ARPA Chain is a computation network that enables smart contracts and data storage with privacy.
Bounce is a token of the decentralized auction protocol AUCTION, a protocol used for token and NFT sales.
Lastly, PERP is a governance token of the Perpetual Protocol, a decentralized derivatives exchange.