Coinbase Launching Five Ethereum-Based Altcoins Across Entire Crypto Trading Ecosystem
US-based digital asset exchange Coinbase is expanding support for five Ethereum-based altcoins across its entire trading ecosystem.
In a new blog post, Coinbase announces that Alchemix (ALCX), the governance token for collateral-backed loan platform Alchemix Finance, can now be purchased on Coinbase.com and on the exchange’s mobile apps.
ALCX is trading at $441.61 at time of writing, down 3.18% on the day.
ENS is a governance token for Ethereum Name Service, which allows people to mint non-fungible tokens (NFTs) that can be linked to Ethereum addresses and web domains.
Currently, ENS is trading for $48.82. It’s down 8.71% on the day and over 50% from the all-time high of $88.64 it reached last week after being listed on Binance.
Additionally, Coinbase is expanding support for GALA, the native token of player-controlled blockchain gaming platform Gala Games. The altcoin surged over 100% from a low of $0.089 on November 15th to its current trading price of $0.20.
GYEN is an Ethereum-powered stablecoin pegged to the Japanese yen. Though GYEN is designed to stay pegged to the Japanese yen, it managed to rally a whopping 470% to $0.05 following the listing on Coinbase.
Lastly, peer-to-peer energy trading venture Power Ledger’s native token POWR is now live across all of Coinbase’s trading platforms. At time of writing, the altcoin is down 2.07% to $0.70.
Coinbase Pro listed all of the tokens except GYEN, along with mStable USD (MUSD) stablecoin, earlier this week.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/lucky vectorstudio/Vladimir Sazonov
The post Coinbase Launching Five Ethereum-Based Altcoins Across Entire Crypto Trading Ecosystem appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
