Coinbase, one of the world’s largest cryptocurrency exchanges by trading volume, announced a “road map”. According to the announcement, new cryptocurrencies were added to the cryptocurrencies planned to be added to the stock market. Here are the details…
Coinbase adds 3 altcoin projects to its roadmap
Coinbase, one of the world’s largest cryptocurrency exchanges by trading volume, is announcing the coins it plans to list in advance. He shares this announcement in an article he calls his “road map”. Recently, 3 new altcoins have been added to this list. The most recently added coins and their features are as follows:
- Metal (MTL): Metal (MTL) is the local currency of Metal products. It is an important part of the metal ecosystem. In Metal Pay, you can send and receive cryptocurrencies to your friends instantly. Users designed to make cryptocurrency payments fast and easy; They pay zero fees when sending, receiving, buying or selling MTL. Additionally, Metal Pay users pay significantly less fees when purchasing other cryptocurrencies if they hold MTL. 0 percent fee is offered to anyone with 10,000 MTL.
- Radium (RAY): Raydium is an automated market maker (AMM) for Serum DEX built on the Solana Blockchain. It is a liquidity provider. Unlike other AMMs, Raydium provides on-chain liquidity to a central limit order book. In other words, funds deposited in Raydium are converted into limit orders in Serum’s order books. This gives the Radium LPs access to their entire order flow as well as their current liquidity.
- Gnosis (GNO): GnosisDAO creates decentralized infrastructure for the Ethereum ecosystem. In November 2021, both the xDAI and GnosisDAO community voted to combine their living ecosystems to form the Gnosis Chain. Gnosis Chain is the associated execution layer EVM chain for stable operations. It uses the xDai token and includes a large group of projects and users.
Other altcoins that Coinbase plans to list
Currently, there are 9 coins on Coinbase’s roadmap. Apart from the 3 altcoins above, the following coins are on the roadmap:
- Arcblock (ABT)
- Nest Protocol (NEST)
- SuperRare (RARE)
- SwftCoin (SWFTC)
- Sylo (SYLO)
- TE-Food (TONE)
cryptocoin.com As we’ve reported, altcoins that Coinbase plans to list or do list often experience a sharp spike. It has even been called the “Coinbase Effect”. This “Coinbase Effect” has become a phenomenon in the industry where a listing will positively impact a token. Many coins have enjoyed tremendous success after being listed on Coinbase. While there is currently a “winter” in the crypto space, Coinbase’s announcement provides a slight boost.
