- The cryptocurrency market continues to remain volatile, yet major exchanges persist in enhancing customer experiences.
- In a significant move, top crypto exchange Coinbase has announced the addition of five new tokens to its platform.
- Coinbase will list two of these tokens in the spot market and the remaining three in the futures market. Additionally, two meme coins will be added to the futures trading list.
Learn about Coinbase’s latest token listings and how they aim to enhance the trading experience in an unpredictable cryptocurrency market.
Coinbase Lists LayerZero (ZRO) for Spot Trading
As the cryptocurrency market fluctuates, exchanges are prioritizing customer experience improvements. Coinbase, a leading crypto exchange, has caught the market’s attention with its noteworthy updates. Recently, Coinbase has announced it will list LayerZero (ZRO) in the spot market, labeling the token as ‘experimental’.
Support Added for LayerZero (ZRO) on Ethereum Network
Coinbase will support LayerZero (ZRO) on the Ethereum network, specifically indicating that the token should not be sent over other networks to avoid loss of funds. Trading and transfers for LayerZero (ZRO) will be available on Coinbase and Coinbase Exch in regions where these actions are supported. Coinbase stated:
Coinbase will add support for LayerZero (ZRO) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
Coinbase plans to initiate trading if liquidity conditions are met, starting with the ZRO-USD trading pair once ample supply is available. However, support for ZRO may be restricted in certain jurisdictions.
Coinbase Lists Core (CORECHAIN) for Spot Trading
Following the ZRO listing, Coinbase announced another addition to its spot market: Core (CORECHAIN). The exchange will support Core (CORECHAIN) on the Coredao network, warning users not to send this asset over other networks to avoid potential loss of funds. Like ZRO, trading and transfers for Core (CORECHAIN) will be available on Coinbase and Coinbase Exch in regions where these actions are supported. Coinbase mentioned:
Coinbase will add support for Core (CORECHAIN) on the Coredao network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
The trading for Core (CORECHAIN) is expected to begin on June 21, provided liquidity conditions are met, starting with CORECHAIN-USD trading pair as supply becomes sufficient. As with ZRO, support for Core (CORECHAIN) may be subject to regional restrictions.
New Additions to Futures Trading: ALT, LDO, and PENDLE
Coinbase has also expanded its futures market, adding three new tokens: Altlayer (ALT), Lido DAO (LDO), and Pendle (PENDLE). This follows the recent addition of two meme coins to the futures list. Trading for these tokens will commence on June 27 at 9:30am UTC, or shortly thereafter, across Coinbase International Exchange and Coinbase Advanced platforms. Coinbase detailed:
@CoinbaseIntExch will add support for Altlayer, Lido DAO, and Pendle perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our ALT-PERP, LDO-PERP, and PENDLE-PERP markets will begin on or after 9:30am UTC 27 June 2024. $ALT $LDO $PENDLE
This strategic move by Coinbase is expected to enhance its market offerings and provide traders with more diverse options, aligning with their expanding futures market portfolio.
Conclusion
Coinbase’s recent token listings in both the spot and futures markets underscore its commitment to advancing customer trading experiences amidst a volatile crypto landscape. By adding LayerZero (ZRO), Core (CORECHAIN), and three other tokens to its offerings, Coinbase continues to solidify its position as a leading exchange. Traders and investors should keep an eye on these developments as they navigate the evolving cryptocurrency market.
