These 3 Altcoins Take Off With Coinbase Doping! – Cryptokoin.com

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.

Hot Development: Coinbase Announced These 4 Altcoins!

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.

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