- Coinbase, one of the largest cryptocurrency exchanges based in the US, has added a new altcoin to its roadmap.
- In a tweet on August 8, Coinbase announced that it has added Zetachain (ZETA) and Across Protocol (ACX) to the list of cryptocurrencies being reviewed before listing on the platform.
- The announcement follows Coinbase’s recent strategy to incorporate a broader range of cryptocurrencies into its ecosystem, making ZETA and ACX potential future listings.
Coinbase updates its altcoin roadmap, potentially listing Zetachain (ZETA) and Across Protocol (ACX) in the future.
Coinbase’s Strategic Altcoin Roadmap Addition
Coinbase, a premier cryptocurrency exchange, has recently expanded its altcoin roadmap by including Zetachain (ZETA) and Across Protocol (ACX). The platform made this announcement via Twitter on August 8, thereby indicating a growing interest in diversifying its cryptocurrency offerings. The move is part of Coinbase’s broader strategy to introduce a variety of digital assets that meet its legal, compliance, and technical security standards.
The Criteria Behind Coinbase’s Selection
Coinbase’s selection criteria for adding new cryptocurrencies are stringent, focusing not just on market capitalization or popularity, but also on meeting rigorous legal and technical standards. According to a blog post by Coinbase, they aim to list any asset that aligns with their compliance and security benchmarks, ensuring a robust and diverse array of digital assets for their users. This approach highlights their commitment to providing a secure and legally compliant trading environment.
Impact on ZETA and ACX Prices
The announcement had an immediate impact on the market performance of both Zetachain (ZETA) and Across Protocol (ACX). According to CoinGecko data, ZETA saw a significant surge, rising from $0.432 to $0.531, marking a 23% increase. Similarly, ACX experienced a 15% uptick, moving from $0.319 to $0.37. As of the time of writing, ZETA is trading at $0.5208, and ACX is at $0.365, reflecting the positive market sentiment generated by Coinbase’s announcement.
Conclusion
Coinbase’s recent addition of Zetachain (ZETA) and Across Protocol (ACX) to its roadmap underscores its commitment to expanding its digital asset ecosystem. By adhering to stringent legal and technical standards, Coinbase ensures a secure trading environment for its users. The market’s positive reaction to this announcement demonstrates the significant influence Coinbase has in the cryptocurrency space. As the platform continues to diversify its offerings, investors can expect more opportunities for engagement with a broader range of digital assets.
