Coinbase recently made an announcement about the addition of three new tokens to the roadmap for their cryptocurrency exchange. This announcement follows the exchange’s fundamental idea of acting as a bridge to Web3. Although the exact date of the listing has not yet been announced, it is expected to be within a 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 ERC-20-based cryptocurrencies Audius (AUDIO), Threshold (T), and Axelar (AXL), which run on their own blockchain. The three crypto assets witnessed a slight price increase following the announcement. AUDIO is now trading at $0.20, up 6.30% in the last 24 hours. Threshold (T), which is currently changing hands at $0.03, rose as much as 34% over the same period. On the contrary, AXL is down nearly 9% to $0.58 after the announcement.
Coinbase also announced that they would delist NuCypher (NU) and Keep (KEEP) from their exchange as both crypto tokens were combined into the Threshold Network in a decentralized on-chain merger, which took place on January 1, 2022. The T token has a dual purpose on the Threshold Network, where it is both a utility token and a management token for the Threshold DAO.
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Coinbase listing details
The cryptocurrency assets that an exchange like Coinbase adds to its roadmap are the ones it plans to support on its platform in the not-too-distant future. However, until a formal listing is announced, transfers and transactions of these assets are 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; nevertheless, some coins are finally added to the catalog of supported crypto assets. The roadmap was developed with the intention of preventing insider trading and increasing the amount of openness around Coinbase’s listing process.
On January 18, KAVA, the cryptocurrency that powers Kava’s Web3 network, made its debut on Coinbase’s trading platform after being added to the roadmap just a few weeks ago.
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Pratik has been a crypto evangelist since 2016 and has experienced almost everything crypto has to offer. Be it the ICO boom, the bear markets of 2018, Bitcoin’s halving so far – he’s seen it all.
The content presented may contain the personal opinion of the author 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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