The derivatives market suggests ICP could begin trading on Coinbase for a price of at least $300.
Dfinity’s ICP Token Price Implied at $345 Ahead of Coinbase ListingDfinity Foundation’s internet computer (ICP) governance token is set to debut on the U.S.-based crypto exchange Coinbase on Monday at 9 a.m. Pacific Time (12 p.m. ET or 16:00 coordinated universal time).Price discovery in the derivatives market suggests the first trade will be executed at a price of at least $300.ICP’s perpetual contract listed on the FTX exchange, used to bet on the market price once it goes live, was trading around $345 as of 15:55 coordinated universal time (11:55 a.m. ET).According to Messari, some 469,213,710 of the tokens have been created.FTX rolled out ICP perpetuals on May 6, a day after Coinbase announced the planned ICP listing.Coinbase users can transfer their ICP holdings to the Coinbase Pro account ahead of the listing.”Transfer ICP into your Coinbase Pro account ahead of trading,” said the exchange’s official announcement, dated May 5. “After sufficient supply of ICP is established on the platform, trading on ICP-USD, ICP-BTC, ICP-EUR, ICP-GBP & ICP-USDT order books will launch in three phases, post-only, limit-only and full trading.”Dfinity’s smart contract platform runs at internet speed, according to Dfinity, and can run all applications from the open web and blockchains like Ethereum and Binance Smart Chain.