Coinbase Announced The New Altcoin To List: Here’s the Time!

second largest in the world cryptocurrency exchange Coinbase has released a new report from its official Twitter account. altcoin shared the list.

Coinbase Shares Information About Altcoin To Be Listed

Coinbase, Lido DAO (LDO) will list its token on its exchange.

The cryptocurrency exchange announced the news on its official Twitter account:

“Coinbase will provide support for Lido DAO (LDO) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase & CoinbaseExch in regions where trading is supported.

If the liquidity conditions are met, trading will start on or after 20:00 CEST on 17 November 2022. Once there is sufficient supply of this asset, trading will be initiated gradually on our LDO-USD trading pair. LDO support may be restricted in some supported regions.”

The long-awaited Ethereum 2.0 update has resolved many of Ethereum’s ongoing issues. However, ETH 2.0 is still in its early stages and is grappling with a number of issues.

For example, users must deposit multiples of 32 ETH to become a full validator. Moreover, all staked ETH are locked and cannot be used elsewhere within the specified period.

Lido DAO aims to resolve issues for Ethereum 2.0 through non-custodial staking. Since its launch in December 2020, the liquid staking solution has shown significant potential. Lido DAO allows ETH, which was locked in the first stage with its derivative token stETH, to be staked in other protocols.

The Lido DAO network dominates the ETH 2.0 staking market with over 80% market share.

Coinbase will list the Lido DAO (LDO).

— Bitcoin System (@bitcoinsystem) November 16, 2022

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*Not investment advice.