As of February 15, according to official announcements, the US -based crypto currency exchange Coinbase, Morpho Token (Morpho) and Pyth Network (PYTH) added to the listing roadmap. This development has the potential to reach a wider audience and increase liquidity for both tokens. Considering Coinbase’s wide user base, it is thought that the effect of this listing on the market may be remarkable.
Coinbase added two altcoin to the road map
Crypto assets added to Coinbase’s listing roadmap are subjected to a preliminary assessment process before it is officially listed by the stock market. When determining the assets to be traded on the platform, the company takes into account various criteria such as security, regulatory compliance and market demand. Although the tokens on the listed roadmap will not be listed, this stage is considered a critical step that attracts the attention of investors. Generally, this process can increase market sensitivity by increasing the prices of related assets.
Morpho Token (Morpho) is known as a token of Morpho ecosystem operating in the field of decentralized finance (defi). The project aims to ensure that defi users benefit from more advantageous interest rates by providing efficient lending and borrowing solutions. The Morpho protocol provides a more optimized structure compared to traditional defi lending platforms, allowing users the opportunity to process at lower costs. This contributes to the project to play an important role in the defi ecosystem. Following the development, the price of Morpho jumped over 5 percent
Pyth Network (PYTH) stands out as an Oracle network that aims to provide high -precision market data for decentralized financial applications by combining over chain and non -chain data resources. Oracle technology is considered one of the basic components of the blockchain ecosystem, while Pyth Network offers a critical solution to carrying instant price data especially in financial markets to the world of Blockchain. PYTH draws attention with its capacity to be verified for decentralized applications, cooperating with traditional data providers and providing reliable price information. Pyth also rose by 6 percent following the announcement.
