Coinbase, one of the largest cryptocurrency exchanges in the world, explains the altcoin projects it prefers to put in its basket. We took a look at the altcoins in the stock market giant’s basket for our readers.
Coinbase shared which altcoin projects are in his basket
The cryptocurrency market has not been giving much taste to investors lately. As we mentioned in the news of Kriptokoin.com, while the leading crypto Bitcoin (BTC) oscillates back and forth, other digital assets mostly follow their lead. However, there are altcoin projects that have managed to stand out and perform successfully. Naturally, investors are also looking for these projects.
In such an environment, a giant like Coinbase gives the names of the altcoin projects it has invested in. Sharing a detailed breakdown of its portfolio, especially for the first quarter of 2022, the crypto exchange, in addition, is one of its future plans in an environment where inflation risks escalate, the wings of the hawkish Fed are heard, and geopolitical instability increases in many parts of the world, especially in Ukraine. Talking about.
The spokesperson of the crypto exchange states that the uncertainty in the economies also spread to the crypto market, driving investors from greed to fear, and states that as Coinbase, they do not plan to change their strategy.
As for the basket of the crypto exchange. The basket includes Compound (COMP), a DeFi loan protocol that allows users to earn interest by depositing cryptocurrencies into one of the various pools supported by the platform, as well as the Non Fungible Token (NFT) market OpenSea, an Ethereum competitor Polygon (MATIC), Near Protocol (NEAR). and Messari projects.
Coinbase also prefers to invest in cross-chain platforms and Web3 projects in the first quarter of 2022. Crypto exchange states that they invest in LayerZero, ZK Link, LiFi, Foxchain, Socket specifically. In addition, Caoinbase explains that it has invested serious money in Polkadot (DOT), a competitor of the leading altcoin Ethereum.
Other altcoin projects invested in by the cryptocurrency exchange are listed as follows: Acala, Moonbeam, Parallel Finance. Coinbase also does not forget about Blockchain-based play-to-earn projects and throws a few of them into its basket, like Joyride and Ancient8.
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