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May 29, 2026
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Coinbase Markets initiates auction mode for GWEI-USD pair

Coinbase Markets initiates auction mode for GWEI-USD pair

The GWEI-USD trading pair is entering auction mode, allowing customers to post limit orders and observe the indicative open price without any trades occurring for a minimum of 10 minutes. This process is commonly used by cryptocurrency exchanges to ensure a fair price discovery for new trading pairs prior to full trading. Such practices align with recent regulatory trends emphasizing transparency in new asset listings.

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