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Coinbase recently made an announcement about adding three new tokens to the listing roadmap for their cryptocurrency exchange. This announcement comes following the basic idea of the exchange acting as a bridge to Web3. Although the exact date of the listing has not been disclosed, it is expected to happen in the next few weeks.
Coinbase To Add New Tokens
The San Francisco-based crypto exchange is expanding its portfolio of tradable assets by adding three more altcoins. The new additions are the ERC-20 based cryptocurrencies Audius (AUDIO), Threshold (T), and Axelar (AXL), which run on their proprietary blockchain. The three crypto assets witnessed a slight increase in price after the announcement. AUDIO is now trading for $0.20, up 6.30% over the last 24 hours. Threshold (T), which currently changed hands at $0.03, is up 34% over the same period. However, in contrast, AXL fell nearly 9% to $0.58 after the announcement.
Coinbase also announced that they will be removing NuCypher (NU) and Keep (KEEP) from their exchange as the two crypto tokens are merged into the Threshold Network in a decentralized on-chain merge, which took place on January 1, 2022. The T token serves a dual purpose on the Network Threshold, where it is the utility token and management token for the Threshold DAO.
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Coinbase Listing Details
The cryptocurrency assets that an exchange like Coinbase is adding to its roadmap are the ones it hopes to support on its platform in the not too distant future. However, until the formal listing is announced, the transfer and trading of these assets is not yet supported. According to Coinbase, coins placed on the roadmap list may still be removed or may not be included at all due to a number of different circumstances; however, some coins were eventually added to the catalog of supported crypto assets. The roadmap was developed with the goal of preventing insider trading and increasing the amount of disclosure surrounding Coinbase’s listing process.
On January 18, KAVA, the cryptocurrency that powers the Web3 Kava network, debuted on trading platform Coinbase after being added to the roadmap a few weeks ago.
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The content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.
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