Coinbase, one of the world’s largest cryptocurrency exchanges, announced that it has added two new tokens to its coin listing roadmap. These new tokens were announced as Aerodrome Finance (AERO), representing assets on the Base Blockchain, and Velodrome Finance (VELO), representing assets on the Optimism Blockchain. These additions underscore Coinbase’s commitment to offering a comprehensive range of digital assets to its user base and meeting the evolving needs and preferences of the cryptocurrency community. Here are the details…
Coinbase raises price with AERO announcement
Aerodrome Finance (AERO) is a token that represents assets on the Base network. Base is a new Blockchain that is a fork of the Ethereum Blockchain. Aerodrome Finance offers unique features and functionality in its ecosystem operating on the Base Blockchain. AERO can be used to pay transaction fees on the Base Blockchain, participate in Aerodrome Finance’s governance mechanism, and purchase NFTs on Aerodrome Finance’s NFT marketplace. AERO rose 12.87% to $0.006232 after Coinbase’s listing announcement.
Velodrome Finance (VELO), on the other hand, is a token that represents assets on the Optimism Blockchain. Optimism is a layer 2 solution of the Ethereum Blockchain. Velodrome Finance offers unique features and functionality in its ecosystem operating on the Optimism blockchain. VELO can be used to pay transaction fees on the Optimism Blockchain, participate in Velodrome Finance’s governance mechanism, and for use in Velodrome Finance’s DeFi applications. VELO rose 20.15% to $0.05356 after Coinbase’s listing announcement.
Stock Exchange expands its road map
These additions from Coinbase are part of the platform’s ongoing efforts to expand its coin listing roadmap. Coinbase continued to list various new tokens in 2024. These additions by Coinbase recognize innovative developments in Blockchain ecosystems. Aerodrome Finance and Velodrome Finance are projects operating on new blockchains such as Base and Optimism. These projects offer innovations in issues such as scalability, security and efficiency.
These additions by Coinbase can be seen as part of its efforts to adapt to the dynamic nature of the cryptocurrency market. The cryptocurrency market is a market that is constantly evolving and growing with new projects. Coinbase is trying to maintain the competitiveness of its platform by offering its users access to some of these new projects. However, it is not said that altcoin projects will definitely be listed on Coinbase. So, despite being added to the roadmap, Coinbase may decide not to list the coins in question on the spot market.
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