Cryptocurrency exchange Coinbase announced the other day that it has added various altcoin projects to its roadmap. Immediately after the announcement, the price of three altcoin projects jumped. Here are the details…
Coinbase announcement positively impacted these altcoin projects
cryptocoin.com As we reported, Coinbase recently announced the addition of three new tokens to its listing roadmap for the cryptocurrency exchange. This announcement follows the exchange’s core idea of acting as a bridge to Web3. While the exact date of the listing has not yet been announced, it is expected within the next few weeks.
The San Francisco-based crypto exchange is expanding its portfolio of tradable assets by adding three more altcoins. The new additions consist of ERC-20-based cryptocurrencies Audius (AUDIO), Threshold (T), and Axelar (AXL). The three cryptoassets witnessed a slight increase in price following the announcement. AUDIO raised 15 percent with the announcement. It rose from $0.19 to $0.22. Threshold (T), which is currently trading at $0.03, rose 34 percent in the same period. AXL, on the other hand, has not seen as big a rise as the others. Currently, it has experienced a 2 percent increase. You can see the graph of the T, which gained the most value after the announcement, as follows:
Coinbase also announced that they will delist NuCypher (NU) and Keep (KEEP) for both cryptocurrencies, which were merged into the Threshold Network in a decentralized on-chain merger that took place on January 1, 2022. T serves a dual purpose on the Threshold Network, where it is both a utility token and a management token for the Treshold DAO.
Details of Coinbase listing
Cryptocurrency assets added to the roadmap by an exchange like Coinbase are the assets that they plan to support on their platform in the not-too-distant future. However, transfers and trading of these assets are not yet supported until an official listing is announced. According to Coinbase, cryptocurrencies put on the roadmap list may still be removed or not included at all due to a number of different circumstances; however, some coins are finally added to the catalog of supported crypto assets. The roadmap was developed to prevent “insider trading” and increase the amount of openness surrounding Coinbase’s listing process.
Although Coinbase has added both coins to its listing roadmap, it says no assets are guaranteed to be listed on the exchange. Because the cryptocurrency exchange had previously removed a few coins from this list that it had listed on its roadmap. Hence, these few coins were never listed on Coinbase’s main exchange. First, they will have to go through the company’s review process, which is run by an internal committee called the Digital Asset Listing Group.
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 due diligence and do your own research 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.