Leading US-based cryptocurrency exchange Coinbasenine altcoins, including popular metaverse coins storage It continues to expand its digital presence in the crypto industry by offering (customized) services.
Coinbase Custody now supports deposits and withdrawals for $ERN, $TTT, $DPX, $SNT, $NCT, $SURE, $RFOX, $ALICEand $AERGO.
Details here → https://t.co/HtybLZye3z pic.twitter.com/G728MmRm54
— Coinbase Assets (@CoinbaseAssets) May 10, 2022
What is Coinbase Custody?
Coinbase Custody, It is a custodian service for institutional investors with large funds. It is designed to provide financial controls for institutions and companies that want to trade with digital currencies such as Bitcoin and Ethereum. It is leased in New York State and is designed to provide customers with a highly secure way to store large amounts of cryptocurrencies.
Coinbase Custody allows customers to both securely and actively participate in crypto networks by balancing the protection of private keys with easy online customer access to customers. Custody services include depositing and withdrawing supported crypto assets to a custodian account, as well as staking services.
Coinbase adds these 9 altcoins to Custody platform
Ethernet Chain (ERN)
A sports-based non-fungible token (NFT) marketplace powered by Lionel Messi and Shaquille O’Neal Ethereum Chain (ERN)became the first cryptocurrency to receive approval from Coinbase.
More specifically, Ethernity Chain is a platform for selling collections of digital artwork and trading cards (think Pokémon cards) designed by a number of artists and designers.
Ethernity Chain, which follows the bloodbath in the crypto market, has dropped by about 10 percent in the last 24 hours to $1.70. The ERN token has fallen in half since Monday, when it was trading at $3.33.
Transfer Token (TTT)
Next among the cryptocurrencies Coinbase has added support for is an Ethereum-based digital asset created by Japanese financial technology (FinTech) firm Atom Solutions that powers the Eternal Wallet, which aims to change the current exchange and overseas remittance landscape. Transfer Token (TTT) exists. Users can lend TTT tokens on the Eternal Wallet.
Intended to be as useful as possible to its users and holders, the altcoin also assists in currency exchange. TTT minimizes clearing costs and fees compared to the current environment and has Dividend Distribution.
Transfer Token is trading at $3.43, down nearly 4% in the last 24 hours.
Dopex (DPX)
Another altcoin joining the Coinbase cold wallet list is a decentralized options exchange that aims to maximize liquidity and prevent investor losses at the same time. Dopexis (DPX).
The cryptocurrency, which lost around 30 percent of its market cap following the downtrend, is trading at $456.70 at the time of writing. DPX was trading at around $950 on May 5.
Status Network (SNT)
Next on the list, it offers users a secure messaging app, crypto wallet, and Web3 browser through an open-source, peer-to-peer protocol and end-to-end encryption. Status Network (SNT) exists.
Status Network is currently priced at $0.030, down about 20 percent. SNT was trading at $0.053 last week.
Polyswarm (NCT)
Coinbase also adds to its Custody listing, a threat detection and anti-malware project that rewards users with the native cryptocurrency NCT for helping collect cybersecurity data and insights. Polyswarm (NCT) was also added.
Polyswarm is down 16.38 percent at $0.017, reflecting the sentiment in the rest of the crypto markets.
inSure DeFi (SURE)
The next cryptocurrency that Coinbase adds support is; a blockchain insurance ecosystem that helps protect users of decentralized finance, NFT, and metaverse gaming inSure DeFi (SURE).
SURE, which has experienced a decrease of more than 11 percent in the last 24 hours, is trading at $ 0.00402.
RedFOX Labs (RFOX)
Coinbase also added to its cold wallet listing, a metaverse-focused project that aims to bring immersive gaming experiences to multiple blockchains. RedFOX Labs (RFOX) also added.
RFOX, which traded at $ 0.016 with a decrease of about 18 percent in the last 24 hours, fell 50 percent compared to a week ago.
My Neighbor Alice (ALICE)
Another of the altcoins that Coinbase added support, My Neighbor Alice (ALICE)is a non-fungible token play-to-win video game in which players invest in digital islands by staking tokens. Players can then upgrade and expand their islands and explore to find new collectibles. ALICE is the game’s local currency.
A multiplayer builder game that introduces millions of players to the blockchain, players can build their own virtual land, interact with neighbors, hold events and earn rewards. Anyone can become a part of the world of My Neighbor Alice by purchasing a piece of land and engaging in various activities such as farming, fishing, insect hunting and beekeeping.
My Neighbor Alice is also in the red, trading at $2.31, down a notable 18.67 percent. Just two days ago ALICE was worth over $4.
Aero (AERGO)
Coinbase’s Custody support is at the top of the altcoins list, an open-source hybrid blockchain built to assist developers of decentralized applications. Aero (AERGO) exists.
Aergo, which has been trading down 25 percent in the last 24 hours, is trading at a price of $0.106 at the time of writing. The altcoin was trading at $0.02 until it started falling along with the rest of the market on May 7.
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.