Cryptocurrency exchange Coinbase came up with a new listing news. It has announced that it will support about 11 more altcoin projects on the Custody platform. These coins include cryptocurrencies such as Loom Network (LOOM), Automata (ATA), Mina Protocol (MINA). Here are the details…
Coinbase Custody lists LOOM, ATA
It adds 9 Ethereum (ETH)-based altcoins and two other crypto assets to its roster. Thus, it expands its custody services. Coinbase Custody, America’s largest crypto exchange by volume, now owns Automata (ATA), DexTools (DEXT), Elastos (ELA), Gnosis (GNO), Inverse Finance (INV), Loom Network (LOOM), Lattice (LTX) It has support for Mina Protocol (MINA), Mango (MNGO), Shping and Lido wstETH (wstETH).
Coinbase says the availability of newly supported crypto assets may be restricted by custodian and client jurisdiction. The announcement led to some price changes for most of the newly supported altcoins. Yesterday, ATA rose 8 percent, DEXT 6,24 percent, GNO rose 3 percent. On the other hand, INV increased by 9.46 percent, LOOM by 6.78 percent, and LTX by 4.51 percent. MINA rose 7.81 percent, MNGO rose 5.39 percent, and wstETH rose 7.45 percent. Finally, ELA gained 1.09 percent.
The importance of Coinbase Custody
cryptocoin.com As we reported, Coinbase Custody is a crypto custody service aimed at institutional investors with a deep pocket. It provides customers with a secure platform to store large amounts of crypto assets. Also, Coinbase CEO Brian Armstrong made various statements after the collapse of FTX.
As it is known, the collapse of FTX has led to concerns about cryptocurrencies. It also reduced reliance on centralized exchanges that offer custody services. Amid concerns about investing in crypto assets, he recently reassured clients that the exchange would not face liquidity issues like its now-bankrupt competitor. Armstrong used the following statements:
for Coinbase [FTX’in çöküşü] not a problem, and that’s because we support client funds one-on-one. And you don’t have to take our word for it. We are a public company and therefore publish financial statements audited by a Big Four accounting firm. We filed and registered an S-1 with the SEC when we went public in the United States. We told them exactly how our business works. We showed them our audited financial statements and they approved us for the IPO.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.