Coinbase, a popular cryptocurrency exchange, plans to list two more altcoins.
This decision highlights Coinbase’s ongoing efforts to expand its asset portfolio to provide users with a more diverse and dynamic trading experience.
Coinbase Could Soon List Two New Altcoins
Coinbase has revealed plans to expand its altcoin offerings, including two new assets: Akash Network (AKT) and Ronin (RON).
Akash Network, known for its decentralized cloud computing marketplace, and Ronin, an Ethereum sidechain developed specifically for blockchain gaming, provide important additions to the Coinbase platform. These listings are consistent with the company’s roadmap and prioritize transparency and informed transactions for its customers.
The announcement via Coinbase’s official Twitter account sparked interest among investors and traders looking to explore these new assets. In fact, AKT has experienced a 15% price increase in the last 24 hours, while RON is up 2.39%.
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Coinbase’s criteria for listing new assets are strict, focusing on legal compliance, technical security, and a project’s compliance with platform standards rather than market capitalization or popularity. This approach strengthens the trust and credibility Coinbase has built within the cryptocurrency community by ensuring that only high-quality, safe assets are included on the platform.
Transfers and trading of AKT and RONIN will not be supported until the official listing announcement. Coinbase has warned users against prematurely depositing these assets into their accounts. Doing so may result in permanent loss of funds. This caution emphasizes the importance of following official channels and announcements.
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In addition to introducing new assets, Coinbase also mentioned the possibility of applying an “experimental” label to newly listed assets. This label aims to provide traders with additional information to help them make more informed decisions while navigating the complexities of the cryptocurrency market.
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