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Coinbase Adds Six Additional Altcoins To Roadmap

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Coinbase Adds Six Additional Altcoins To Roadmap

Six more cryptocurrencies have been formally added to Coinbase’s listing plan, putting them on pace to join the company’s expanding collection of tradable digital assets.

The decentralized exchange Injective (INJ), the data monetization protocol Ocean Protocol (OCEAN), the retail business-focused Pundi X (PUNDIX), the decentralized finance (DeFi) protocol Convex Finance (CVX), the content streaming protocol Audius (AUDIO), and the NFT project XMON (XMON) are all on the exchange’s roadmap.

Coinbase adds 6 new altcoins

The exchange said in a tweet shared on Tuesday,

“Assets added to the roadmap today: Convex Finance (CVX), Ocean Protocol (OCEAN), Pundi X (PUNDIX), Injective (INJ), Audius (AUDIO), and XMON (XMON).”

These are the new altcoin on ERC-20 tokens on the Ethereum network:

  • Audius (AUDIO) — Contract address: 0x18aaa7115705e8be94bffebde57af9bfc265b998
  • Convex Finance (CVX) — Contract address: 0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b
  • Injective (INJ) — Contract address: 0xe28b3b32b6c345a34ff64674606124dd5aceca30
  • Ocean Protocol (OCEAN) — Contract address: 0x967da4048cd07ab37855c090aaf366e4ce1b9f48
  • Pundi X (PUNDIX) — Contract address: 0x0fd10b9899882a6f2fcb5c371e17e70fdee00c38
  • XMON (XMON) — Contract address: 0x3aaDA3e213aBf8529606924d8D1c55CbDc70Bf74

These assets will not be supported for transfers or trading, however, until their official announcement of listing.

31 Countries now have access to Tether

The largest stablecoin in the world, USDT from Tether, is now accessible to clients in 31 Countries, Coinbase reports.

Australia, Benin, Brazil, Burkina Faso, Colombia, Costa Rica, Ecuador, and El Salvador are among the nations mentioned. Ghana, Guatemala, Hong Kong, Indonesia, Jamaica, Jordan, Kenya, Kuwait, Mali, Mexico, Mongolia, Nepal, Pakistan, Panama, Peru, Philippines, Serbia, Sri Lanka, Taiwan, Uganda, Venezuela, and Zambia are among the countries that are represented.

“USDT is currently accessible to citizens of 31 nations… Users can log in at Coinbase.com, the Coinbase iOS and Android apps, on [the Coinbase exchange], Advanced Trade, and Coinbase Pro to buy, sell, convert, transmit, receive, or store this asset.”

Brian Armstrong, the CEO of Coinbase, stated last month that the exchange seeks to list as many cryptocurrency assets as possible, provided that they adhere to the company’s requirements.

“It’s similar to Amazon or something like that, where a product may have three stars or five stars, but if it starts to consistently receive one star, it’s presumably fraudulent, defective, or something else, and maybe Amazon will remove it. If not, you should let the market determine what these products are…

I think there will eventually be millions of these assets, therefore I really hope it doesn’t become newsworthy every time we add one in the future”

As of July 2022, 3 types of assets are supported for trading on Coinbase:

  • Native assets on their own network (recent examples include MINA and STX)
  • ERC-20 tokens on the Ethereum network (recent examples include APE and GALA)
  • SPL tokens on the Solana network (recent examples include ORCA and FIDA)
  • bitcoinBitcoin (BTC) $ 18,803.63
  • ethereumEthereum (ETH) $ 1,286.98
  • cardanoCardano (ADA) $ 0.431864
  • polkadotPolkadot (DOT) $ 6.30
  • chainlinkChainlink (LINK) $ 8.02
  • litecoinLitecoin (LTC) $ 52.10
  • stellarStellar (XLM) $ 0.108428
  • bitcoin-cashBitcoin Cash (BCH) $ 111.66