Coinbase Puts Two Low Cap Ethereum Altcoins on Its Listing Roadmap As Crypto Markets Stall
Top US crypto exchange Coinbase has put two Ethereum-based altcoin projects on its roadmap to becoming a part of its burgeoning roster of tradable assets.
Announcing via Twitter, Coinbase says it has placed Aurora and MXC to its roadmap.
Aurora aims to execute Ethereum contracts on the NEAR blockchain. The project says it’s here to help scale Ethereum for developers to operate their apps on an Ethereum-compatible high throughput environment with low transaction costs.
At time of writing, Aurora is trading at $1.37, so far with a modest market cap of just over $88 million. Its native token AURORA has remained mostly unaffected by the news of Coinbase putting it on its radar.
MXC is an IoT (Internet of Things) project that is attempting to crowdsource a global data network for the “devices of tomorrow.”
MXC, the project’s utility token, is an ERC-20 crypto used for device transactions on the MXC Supernode network. Supernode is a peer-to-peer network node that serves as a relay and proxy server for other users, handling data flow and connections.
MXC has a market cap of $171 million as it trades around the $0.07 level.
Coinbase’s listing roadmap was originally created to increase transparency by “providing as much information symmetry as possible” and to communicate with the market before deciding to list an asset.
Earlier this month, Coinbase CEO Brian Armstrong said the exchange’s goal was to ultimately list as many crypto assets as possible, as long they met simple standards.
“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are…
My belief is there’s gonna be millions of these assets over time, and so I hope it doesn’t make news every time we add one in the future, basically.”
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