Crypto Giant Coinbase Reveals List of 50 Altcoins Under Consideration for Listing
Crypto exchange giant Coinbase is announcing dozens of digital assets that it will potentially list during the second quarter of 2022.
From the 1st of April to the 30th of June, Coinbase says it is considering listing 45 Ethereum (ETH)-based tokens and five Solana (SOL)-based tokens.
The crypto exchange says it is providing the information in advance to increase transparency on new asset listings.
“Starting immediately and as part of an effort to increase transparency by providing as much information symmetry as possible, Coinbase will be using this blog post as a pilot to communicate assets under consideration for listing in Q2 2022.”
Among the Ethereum-based tokens that Coinbase is considering for listing include stablecoins backed by rival crypto exchanges Binance and Gemini – Binance USD (BUSD) and Gemini Dollar (GUSD).
Another notable Ethereum-based altcoin under consideration for listing is the native token of decentralized finance platform Coin98 (C98).
One of the notable digital assets based on the Solana blockchain being considered for listing by Coinbase is the utility token of the lifestyle crypto project STEPN (GMT).
Since early March when GMT was initially listed at $0.01, the utility token of the lifestyle crypto project has stood out by surging by over 22,000% in a largely see-sawing market. GMT is trading at $2.25 at the time of writing.
The majority of the tokens that are under consideration for listing during the second quarter are relatively unknown and with low market capitalization.
The list of 50 Ethereum and Solana-based tokens that Coinbase is considering for listing comes a little over a month since the crypto exchange announced that it would be “bringing on more, often newly created assets or lesser-known tokens that could come with additional trading risks, including higher price swings and increased order cancellations”.
Currently, Coinbase supports around 168 crypto assets.
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