Giant Crypto Exchange Adds Support To These 8 Altcoins While Recession In The Markets Continues!

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Coinbase continues to maintain its presence in the industry by expanding its custody services support to various cryptocurrencies.

US-based cryptocurrency exchange in the announcementannounced that it has added 8 new assets to its growing list of more than 200 assets, which are part of the Coinbase Custody cold storage Trust.

Coinbase Custody is a custodial service for institutional investors with big money. It is designed to provide financial controls for institutions and companies that want to trade with digital currencies such as Bitcoin and Ethereum. It was also released to provide its users with a highly secure way to store large amounts of cryptocurrencies.

The first to receive approval from Coinbase was Victoria VR (VR), a video game powered by the Unreal Engine that calls itself “the world’s first realistic metaverse.” The platform’s native token, VR, offers staking rewards and allows users to purchase various non-tradable tokens (NFTs) to improve gameplay. Victoria VR is currently trading at $0.054, down 53.20%.

The other supported coin is Covalent (CQT). Covalent is software that collects data from several of the various blockchain platforms and allows participants to access these data points for various use cases. Covalent is trading at $0.140, down 2.11 percent.

Also joining the Coinbase cold wallet list is the privacy-focused and censorship-resistant SelfKey (KEY). This crypto platform also enables its users to protect their identity and online voice for Web 3.0 and metaverse. SelfKey is up 28.07% in the last 24 hours and stands at $0.0050.

Quantstamp (QSP) is a security auditing protocol for smart contracts. The platform also claims to be a leader in blockchain security. Currently, Quantstamp is trading at $0.031.

Other cryptocurrencies supported by Coinbase are as follows:

  • Smart MFG (MFG)
  • Syntropy (NOIA)
  • DeXe (DEXE)
  • Hegic (HEGIC)

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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