Coinbase Markets enters auction mode for DATA-USD trading pair
Summary
The DATA-USD trading pair has officially entered auction mode, allowing customers to post limit orders and view an indicative open price. This auction mode will last for at least 10 minutes, during which no orders will be matched. Following the auction, crossed orders will be matched at the opening price, enabling traders to reassess their strategies based on the indicative price before continuous trading begins. DATA is linked to Data Network, a digital-asset project with its token actively traded across various cryptocurrency venues.
Tokens
$DATA
Analysis
DATA-USD: DATA-USD is a spot trading pair for the DATA digital asset quoted against the U.S. dollar. In the announced exchange procedure, the pair is entering auction mode, allowing limit-order submission and indicative price discovery before regular matching begins. Order handling: During the auction, traders can use the indicative price to reassess, cancel, or resubmit eligible limit orders before continuous trading begins. Trading context: DATA is associated with Data Network, a digital-asset project whose token is listed under the DATA ticker on multiple cryptocurrency trading venues. Auction mechanism: Auction mode collects limit orders without matching them, displays an indicative open price, and then matches crossed orders at the opening price after the auction ends.
Categories
hyperliquidcryptodefiperps
Related sources
- https://www.coinex.com/en/announcements/detail/50790679439508
- https://www.datawallet.com/crypto/data-network-explained
- https://www.mexc.com/sr-RS/price/DATA/info
- https://announcements.bybit.com/en/article/data-token-splash-grab-a-share-of-the-800-000-data-prize-pool--art7f12cfa11ad2/
- https://www.coingecko.com/en/coins/data-ai
- https://data.coindesk.com/
- https://www.binance.com/en/price/data-network
- https://cryptoslate.com/coins/data-network-crypto/
- https://help.coinbase.com/en/exchange/trading-and-funding/what-is-auction-mode-
- https://www.xetra.com/resource/blob/1400486/d4c9e76c05c55b114a267de86d74842a/data/T7_R.7.0_Market_Model.pdf
- https://www.mexc.com/price/DATA/tokenomics
- https://t.iss.one/s/cryptoarsenal?before=34094
- https://coinpaprika.com/education/tokenized-data/
- https://app.tokenomics.com/tokenomics/data-network
- https://tradersunion.com/news/brokers-news/show/2566026-biconomy-to-list-data-usdt-pair/