Coinbase to List Corechain (CORE) Amidst 12% Price Surge

• Coinbase, one of the largest cryptocurrency exchanges based in the USA, will list a new altcoin on its platform.
• The announcement was made via the official Coinbase Assets Twitter account.
• Coinbase plans to list Core (CORECHAIN) starting today at 7 PM Turkish time (TSI).

Discover the latest developments as Coinbase announces a significant new listing and its potential impact on the crypto market.

Coinbase Announces Listing of Core (CORECHAIN)

Coinbase, the US-based cryptocurrency giant, has officially revealed its plans to list Core (CORECHAIN) on its platform. According to the announcement on Coinbase Assets’ official Twitter account, the new listing will go live starting today, precisely at 7 PM Turkish time. This move is expected to generate significant interest and activity within the crypto community.

Transfer Instructions and Precautions for Users

Coinbase has emphasized that asset transfers for CORE should be conducted through the Coredao network. Users are advised to exercise caution with transfers from different networks as it may lead to complications or potential losses. The exchange also noted that CORE trading would not be supported in certain restricted jurisdictions. Trading activities will commence once the required liquidity conditions are met, allowing users to trade CORE against USD, provided sufficient supply is available.

Impact on CORE Prices Following Listing Announcement

Following the listing announcement, Core (CORECHAIN) has seen a notable price uptrend. Data from CoinGecko indicated that CORE emerged as the top gainer among the top 100 cryptocurrencies, with an impressive 12% increase over the past 24 hours, trading at $1.43 at the time of writing. This surge in price reflects heightened investor interest and positive market sentiment towards the newly listed altcoin.

Coinbase’s Pre-Listing Evaluative Measures

On May 25, Coinbase shared a roadmap detailing the evaluation processes for cryptocurrencies considered for listing on its platform. The inclusion of CORE in this roadmap highlights the rigorous scrutiny and due diligence conducted by Coinbase, ensuring that only viable and promising assets make it to its exchange. This strategic approach aims to maintain Coinbase’s reputation as a trusted and secure cryptocurrency exchange.

Conclusion

The listing of Core (CORECHAIN) on Coinbase marks a significant development for the altcoin and its community. With the potential for increased liquidity and exposure, CORE’s presence on such a prominent platform could drive further adoption and market activity. As Coinbase continues to expand its offerings, keeping a close watch on the listed assets can provide valuable insights into emerging trends and opportunities in the crypto space.