Following a series of significant developments, major cryptocurrency exchanges have made major announcements regarding the listing of various altcoin projects and network upgrades. Here are the latest announcements…
Coinbase expands futures offerings
An important statement came from Coinbase, the largest cryptocurrency exchange in the United States. The exchange officially announced the listing of futures for Solana (SOL) and Avalanche (AVAX). SOL-PERP and AVAX-PERP markets will open on November 14, 2023 at around 19:00 CET, subject to liquidity conditions being met.
Binance supports AMB and BTS upgrades
Binance, a global cryptocurrency exchange, made an announcement about AirDAO (AMB) and BitShares (BTS). He explained that these altcoin projects support upcoming network upgrades and hard forks. The AirDAO (AMB) network upgrade is scheduled for block height 27,690,000 on November 15, 2023. Relevant token transactions will be suspended starting from 23:00 on the same day. BitShares (BTS) network upgrade and hard fork will take place on November 16, 2023. Additionally, token transactions will be suspended starting from 16:00 on the same day.
Altcoin listing news came from BitMart, Coinstore, Bitget and Gate.io
Additionally, BitMart will add Bitgain to its lists with the BGN/USDT pair today at 13:00 ET. Apart from this, Gate.io is listing Chappyz with CHAPZ/USDT pair today at 15:00 ET. Additionally, Coinstore is listing Globiance Exchange at 11:00 BST, while Bitget is adding Chappyz to its platform at 15:00 BST. Bitget also lists Nakamoto Games at 14:00 ET. In other news, BitMart will expand its altcoin offerings by listing LEOX with the LEOX/USDT pair at 12:00 UTC. Finally, decentralized exchange PancakeSwap also jumped into this trend by listing Chappyz at 15:00 UTC.
Why is it important for altcoin projects to be listed on exchanges?
These announcements highlight the ongoing efforts of major cryptocurrency exchanges to diversify their offerings and provide users with access to a wider range of altcoins. Exchange listings are an important part of the cryptocurrency ecosystem for several compelling reasons. It allows tokens or coins to be bought and sold on a larger scale. Thus, it provides market access and increases liquidity.
This increased market exposure also contributes to increased visibility as investors actively seek new assets on reputable exchanges, thus drawing attention to the listed project. Moreover, exchange listings bring a very important element of credibility and trust for an altcoin. Because reputable exchanges usually confirm the legitimacy and security of the token or coin by subjecting the projects to a review process before listing them. As the cryptocurrency market continues to evolve, investors and enthusiasts can stay tuned for more updates.
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