Coinbase, one of the world’s largest crypto exchanges, announced that it will list 24 altcoin projects. Leading US crypto exchange Coinbase is recruiting a decentralized finance (DeFi) altcoin.
Altcoins on Coinbase’s list
Coinbase announced in an announcement that it plans to add DeFi Yield Protocol (DYP) to its trading platform in the future along with three other altcoins:
Entities added to the roadmap today: Automata Network (ATA), Chain (XCN), DeFi Yield Protocol (DYP), Marlin (POND)
Assets added to the roadmap today: Automata Network (ATA), Chain (XCN), DeFi Yield Protocol (DYP), Marlin (POND) https://t.co/zu1IBdrD7X
— Coinbase Assets (@CoinbaseAssets) June 7, 2022
DeFi Yield Protocol to earn users a fixed 25% APR (Annual Percentage Rate), Ethereum (ETH), Binance It offers the possibility to stake Coin (BNB) and Avalanche (AVAX).
The project website says that DYP is working on a wide range of products for the decentralized ecosystem. Also, the project says it aims to be accessible to both beginners and advanced users. This he plans to do through a combination of Non Fungible Tokens (NFTs) and metaverse games.
Meanwhile, DYP partners include Chainlink, Avalanche and Coin98. DeFi Yield Protocol is currently moving upwards at 45.8% per day. The altcoin is trading at $0.185. At one point, DYP was up 407% on initial news from Coinbase.
Additionally, Coinbase plans to enlist Marlin (POND), a high-performance layer-zero blockchain network. Altcoin aims to provide high quality infrastructure for the decentralized web. Also, Marlin calls itself “the dazzling hub of the decentralized economy.”
In addition, the project strives to provide key solutions for scaling and user privacy. In addition, Marlin Foundry offers users the ability to exploit bandwidth and launch various types of networks. Marlin rose today as well. The altcoin, which is 13.74% in the green, is changing hands at $0.01155.
The next step in Coinbase’s roadmap is Chain (XCN). Chain is the Ethereum-based cloud Blockchain protocol of its native token XCN that provides governance and utility.
The company recently announced that it continues to hire new employees despite the widespread recession in the crypto market. Chain said it burned a $2.6 billion XCN, accounting for more than 22% of the token’s total supply. Also, the altcoin did this under a new management change. Meanwhile, Chain is down 1.52% at the current trading price of $0.158.
The last on the list of future Coinbase assets, Automata (ATA). Altcoin is a privacy-focused project that provides middleware for decentralized applications (DApps) in a Web 3.0 environment. In addition, according to the project website, Automata offers several products, Also among the project partners are Avalanche (AVAX), Primer (ASTR) and Polygon (MATIC). Meanwhile, Automata also had a massive rally today, up 30.74%. The altcoin is trading at $0.199.
Coinbase has added a number of altcoin projects to its list
Coinbase Custody now supports deposits and withdrawals for DESO and ROSE.
Coinbase Custody now supports deposits and withdrawals for $DESO and $ROSE.
Details here → https://t.co/HtybLZye3z pic.twitter.com/aiXdDh2YdH
— Coinbase Assets (@CoinbaseAssets) June 7, 2022
Additionally Coinbase Custody, OM, ALK, CPU, CRE It supports deposits and withdrawals for CVX, GAL, LMR, JUP, NEST, UMEE, XSGD, HIGH, HOPR and WAMPL.
Kryptokoin.com BitDAO (BIT) and Coin98 (C98) are now also on Coinbase’s list. That is, Coinbase customers can transact with these assets.
BitDAO (BIT) and Coin98 (C98) are now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKRrfh pic.twitter.com/BIZFzqsvFM
— Coinbase Assets (@CoinbaseAssets) June 7, 2022
