Announced that it will add Coinbase Kusama (KSM), one of the world’s leading cryptocurrency exchanges, to its list. In addition, Coinbase has included six altcoin projects in the ‘planned to list’ category. This means that these projects can soon take their place on the lists of crypto money exchanges.
Kusama (KSM) is on Coinbase charts tomorrow!
Kusama (KSM), which Coinbase announced that it will list tomorrow at 19:00 CET, describes itself as “Polkadot’s wild cousin”. The Kusama Blockchain platform is an experimental protocol designed to provide highly interoperable and scalable infrastructure for developers.
As you can follow from Cryptokoin.com news, listing news is generally considered as positive news for cryptocurrencies and reflects positively on its price. After the Coinbase listing news, the KSM price reacted positively at first, but then followed a similar trajectory as the market shifted down with the leading crypto Bitcoin, dropping to $74.88 after climbing above the $86 it saw.
KSM 1-day price chart / Source: CoinMarketCap Other altcoin projects planned to list
Coinbase has registered six altcoin projects in the “planned to list” class. This means that these projects can take their place on the lists of crypto money exchanges in the near future. These lucky altcoins are: Mines of Dalarnia (DAR), BitDAO (BIT), Coin98 (C98), Gemini USD (GUSD), Index Cooperative (INDEX) and Wrapped Ampleforth (WAMPL)
Coinbase’ What is Kusama (KSM) listed in?
Kusama is built on Substrate, a Blockchain building kit developed by Parity Technologies. Kusama has almost the same code base as Polkadot, which has been cited as one of the most successful of interoperable Blockchain networks.
Speedy projects still gain access to Polkadot features if they work on Kusama. With these features, the altcoin is described as a “canary network” for testing innovations.
The platform is designed to provide a testing environment for developers who want to update or roll out their Blockchain networks. Kusama claims it has eliminated the hurdles for using para-chain and reduced validator requirements. Usually this platform is used for early stage projects and experiments.
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