Coinbase Launches Support for Two Little-Known Altcoins As Crypto Markets Trend Up

Crypto exchange Coinbase is adding two decentralized (DeFi) low-cap altcoins to its platform.

The Ethereum-based tokens Rari Governance Token (RGT) and XYO Network (XYO) made their Coinbase Pro trading debut on Wednesday, according to Coinbase.

RGT powers Rari Capital, a DeFi platform for lending, fee discounts, and protocol governance.

XYO supports a network that anonymously collects and validates geospatial data, which can then be traded or staked against tokens representing real places.

Coinbase explains the move on its blog.

“One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.

Once sufficient supply of RGT and XYO is established on the platform… order books will launch in three phases: post-only, limit-only, and full trading.”

XYO entered the full trading phase as of today, while RGT is still in its post-only stage.

XYO has seen its price skyrocket from a 24-hour low of $0.018 to $0.028, a 55% increase at time of writing, according to CoinGecko. RGT fell from a day-high of $17.14 to $15.61 before stabilizing at $16.03, a 6.5% decrease.

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Featured Image: Shutterstock/Amanita Silvicora

The post Coinbase Launches Support for Two Little-Known Altcoins As Crypto Markets Trend Up appeared first on The Daily Hodl.