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The cryptocurrency exchange Coinbase has three Ethereum (ethereum) based altcoins as digital asset markets face continued downward pressure.
According to a statement from Coinbase, addition Decentralized Exchange (DEX) Protocol Injection (ink), for retail Pundi X (Pandicus), and the non-fungible token (NFT) platform XMON (XMON) will be added to the trading directory when ideal liquidity conditions are met.
All three crypto assets were included in the latest update to Coinbase’s listing Roadmap It was created as a way to increase transparency and eliminate the possibility of insider trading.
After the announcement, each altcoin showed a moderate rise before consolidating or downwardly revising the entire cryptocurrency market.
INJ managed a 9.42% rally before falling and is now priced at $1.55 with a market capitalization of $121 million. PUNDIX ignited a massive 30% gain from $0.46 to $0.60 and is now trading at $0.53 with a market cap of $138 million, while XMON trades almost flat, before correcting. jumped about 3%.
Last month, Coinbase CEO Brian Armstrong Said The exchange’s ultimate goal was to list as many crypto assets as possible, as long as they met certain standards of security and legitimacy.
“It’s like Amazon, you might have 3 stars or 5 stars on a product, but when you start getting 1 star consistently, it’s probably fraudulent or defective or something and it’s probably Amazon will remove it. Otherwise you’ll want to let the market decide what these are
My guess is that there will be millions of these assets over time, so basically I hope every addition in the future doesn’t make the news.
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Featured Image: Shutterstock/ValDan22/Nikelser Kate
