Coinbase, the largest cryptocurrency exchange in the USA, made new announcements the other day. While Coinbase is releasing one of the altcoin projects it is considering to list; The chance for other altcoins to enter the stock market continues. Here are the details…
Coinbase Custody adds support for altcoin projects
Cryptocurrency exchange Coinbase, Mines of Dalarnia (DAR), Marlin (POND), Automata Network (ATA) and StaFi ( announced that it has added ERC-20 token support for the FIS. After this announcement, the exchange added these 4 altcoins to its “Custody” arm. In addition, 10 altcoins managed to enter the Custody arm. As Cryptokoin.com also reported, Coinbase Custody is supported by an insurance program that protects both offline and online assets in Coinbase products; It is an independent, independently owned business under New York state banking law. Coinbase Custody is regularly audited by major financial and security audit firms.
Here is the list of coins added for the Custody service:
- Pluton (PLU)
- UniLend Finance (UFT)
- Aventus (AVT)
- Primer (AST)
- Arcblock (ABT)
- PowerPool Concentrated Voting Power (CVP)
- Mines of Dalarnia ( DAR)
- HAPI (HAPI)
- Dogelon Mars (ELON)
- EDDASwap (EDDA)
- Crypterium (CRPT)
- TitanSwap (TITAN)
- Rio DeFi (RFUEL)
- SWFTCOIN (SWFTC)
Coinbase announced in its statement yesterday that it has added AirSwap (AST) and MEtisDAO (METIS) to its roadmap. AirSwap describes itself as a decentralized, peer-to-peer token trading network powered by Ethereum. MetisDAO, on the other hand, is a layer-2 focused project that aims to transition from web2 to web3. The addition of
to the Roadmap means that these altcoins may be seen on the stock market in the future. However, it should be noted that there is no certainty at this point. There are many coins that Coinbase has reviewed but not yet listed. Even the coins that are included in this list can be removed from the list.
LOC is not likely to be listed
For example LockTrip (LOC) is off the list of assets under review, i.e. from Coinbase’s roadmap removed. It is not unknown that the coins that Coinbase has announced the possibility of being added are experiencing a rapid increase in value. However, the LOC suffered a rapid decline as it was delisted. It’s changing hands at $1.36, down 10 percent at the time of writing. The coin was trading at $1.54 during the day.
LockTrip.com is a Blockchain-based travel marketplace that allows users to save up to 60 percent on their bookings by cutting agents and commissions. It is possible to choose from various payment methods such as credit card, popular cryptocurrencies and native LOC token to bypass payment fees. LockTrip’s stated mission is to make travel more accessible by driving prices down for the average user.
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