Tag: Coinbase Pro

Coinbase to Suspend Coinbase Pro Platform By Year-End, Developing New Advance Trading Interface

by Blockchain News

American cryptocurrency trading platform, Coinbase Global Inc has unveiled plans to close down its Coinbase Pro platform by the end of the year.

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The exchange said the move was stirred by its collective efforts to revamp how its users interact with its platform as it seeks to provide a more flexible trading ecosystem.

In a bid to cut off its split platforms which naturally causes friction for users, Coinbase said it has developed a new interface, the Advanced Trading offshoot which it said can now be accessed through its main platform. While the Coinbase Pro platform will still be available for some users, expert traders who want more sophistication in their charting can now access the Advance Trade offshoot.

“Many customers rely on Coinbase Pro and Coinbase.com for overlapping sets of features, and often experience friction when transferring balances back-and-forth between the two products,” said Dan Stone, Group Product Manager, and Andrew Herman, Engineering Manager, adding that “to resolve this friction and offer customers the best of both worlds, we have rebuilt the full Coinbase Pro advanced trading experience within the Coinbase mobile app and Coinbase.com. As we continue to add more features to Advanced Trade on Coinbase, we will sunset Coinbase Pro later this year.”

The exchange will make all of its products and services accessible through a single interface, while also developing the capabilities of the Advance Trade platform to meet the demands of a modern exchange outfit.

Coinbase is doing all it can to match up with the growing competition in the American crypto trading ecosystem. As announced earlier this week, Binance.US announced it has cut off fees for certain Bitcoin (BTC) trading pairs, a move that can fuel more patronage in the coming days.

According to Coinbase, besides advanced trading, users will be able to access more products including staking which comes with a competitive interest rate.

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Coinbase Lists Two New Ethereum-Based Altcoin Projects, Sparking Big Rallies

by Dailyhodl

A pair of altcoins are seeing bullish price action after a surprise listing by top US crypto exchange Coinbase.

In an announcement, Coinbase says that multichain interoperability platform Loom Network (LOOM) is live for buying and selling on its main website as well as iOS and Android apps.

Loom Network aims to give developers of decentralized applications (DApps) tools that are both scalable and designed for ease of use.

The project website says,

“With seamless integrations to Bitcoin, Ethereum, Binance Chain, and all major blockchains, deploying once to Loom lets you future-proof your DApp by reaching the largest number of users possible.”

LOOM, the project’s native token secures the Basechain mainnet and can also be used by developers to pay their DApp hosting fees.

News of the Coinbase announcement initially had Loom Network weaving threads of gold as it soared nearly 28% from $0.077 to $0.107, before correcting in several legs down to $0.081. LOOM remains up by 5% overall.

Also getting the green light from Coinbase Pro is the pet-focused Pawtocol, whose native token UPI stands for Universal Pet Income.

Citing problems in pet care such as poor health, deceptive advertising practices and corporate monopolies, Pawtocol aims to harness the power of blockchain technology to revolutionize the industry.

According to the whitepaper,

“Pawtocol was inspired by a shared vision to build a global community of pet parents, service providers, and manufacturers who are unified towards improving pet care.

We have a mission to help pets around the world live longer and healthier lives by empowering pet caretakers with cutting-edge technology and data.”

Animal lovers can earn UPI by sharing data from their pet’s scannable, blockchain-connected tag and then use the token to purchase toys and food.

News of the Coinbase listing has seen Pawtocol fetching impressive gains, initially rallying from $0.09 to $0.15 for a quick 66% gain before correcting. At time of writing, UPI is trading just under $0.12.

Coinbase says that UPI will be available to trade paired with USD and USDT once appropriate liquidity conditions are met.

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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.

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Crypto Giant Coinbase Lists Three Low-Cap Altcoins, Spurring Major Price Volatility

by Dailyhodl

A trio of altcoins are riding the valuation roller coaster after a surprise listing by top US crypto exchange Coinbase.

In a new tweet, Coinbase says that the three low-cap digital assets will start trading on Coinbase Pro once appropriate liquidity conditions are met.

Quantstamp (QSP) is a blockchain security protocol that services a variety of crypto niches including non-fungible tokens (NFTs) and decentralized finance (DeFi).

According to the project website,

“Quantstamp’s mission is to secure the decentralized internet and has protected over $200 billion in digital asset risk from hackers.

More than 200 startups, foundations and enterprises work with Quantstamp to keep their innovative products safe.”

News of the Coinbase listing initially sent Quantstamp vertical from $0.059 to $0.087. After some choppy price action, QSP is up 38.84% today to $0.079.

Also getting the green light from Coinbase is Render Token (RNDR), which connects people in need of graphics processing with those whose units (GPUs) are idle.

As the company website explains,

“Hardware limitations should not be what keeps you from being a part of the new digital renaissance.

Render puts the power of GPU rendering at your fingertips, at a fraction of the cost and speed of in-house rendering.”

Render Token initially spiked 14.3% from $3.56 to $4.07 but has since fallen to $3.22. RNDR is down 5.65% on the day.

Last on the list is layer-2 Ethereum scaling solution Aventus (AVT), whose advantages include low costs, interoperability, and enterprise-grade capabilities.

Regarding real-world use cases, the project says,

“The network lets organizations ranging from NFTs and supply chain coordinators to customer rewards schemes and live entertainment companies easily develop and implement efficient, highly secure, and future-proof blockchain solutions.”

The Coinbase news first sent Aventus soaring from $3.23 to $4.15 in back-to-back spurts, but the altcoin has since corrected. After a seesaw battle of price action, AVT is down 1.65% on the day and trading for $3.40.

Coinbase says that each token will be available to trade paired with USD and USDT.

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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.

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Coinbase Suddenly Lists Five New Altcoin Projects Triggering Parabolic Rallies

by Dailyhodl

A surprise group of tokens is sizzling after a sudden listing by top US crypto exchange Coinbase.

In a new announcement, the exchange says that five low market cap altcoins will start trading on Coinbase Pro once appropriate liquidity conditions are met.

Cryptex Finance is an Ethereum protocol whose native token CTX provides governance and security. The protocol manages a second token called TCAP which offers investors exposure to the total cryptocurrency market cap.

Cryptex Finance initially jumped 30.7% from $7.60 to $9.94 but has seen choppy price action since. It’s currently up 49.02% today and trading for $11.06.

Also getting the green light from Coinbase Pro is Dia (DIA), whose abbreviation stands for “Decentralized Information Asset.” The project offers cross-chain and open-source oracles for Web 3.0.

Dia roared 53.4% from $0.73 to $1.12 and has since fought its way to $1.20, marking a 54.19% gain on the day.

Next up is Maple (MPL), a financing protocol that offers both institutional borrowing and fixed-income lending across the decentralized finance (DeFi) space.

Maple immediately jumped from $9.92 to $11.71 but didn’t stop there. MPL is currently trading for $15.99, marking a total gain of 61.1%.

Another altcoin joining the Coinbase Pro roster is Pluton (PLU), a financial services app that’s based in Europe. Users can earn rewards as well as swap crypto assets on the platform.

News of the Coinbase announcement sent Pluton vertical, increasing 242% from $6.78 to $16.43 in a flash. PLU peaked at $17.44 before correcting, but remains up 143% on the day at $15.52.

Last on the list is Unifi Protocol DAO (NFI), which utilizes DeFi to allow staking with a number of digital assets.

Unifi Protocol DAO also shot off the launch pad and leaped nearly 42% from $4.43 to $6.29. UNFI has retraced a bit but is still up 30.36% on the day and trades for $5.76.

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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.

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Brand Engagement Cryptocurrency Surges in Price After Coinbase Pro Listing

by Dailyhodl

An altcoin that rewards consumers for interacting with their favorite brands is soaring after a surprise listing by top US crypto exchange Coinbase.

Coinbase says in a tweet that Shping Coin (SHPING) will start trading on Coinbase Pro once appropriate liquidity conditions are met.

SHPING is an Ethereum token that powers the Shping App, which allows shoppers to earn rewards by comparing prices, scanning barcodes, watching videos, and writing product reviews.

News of the Coinbase listing sent SHPING on a massive rally from $0.015 to $0.068 in just a few hours, a staggering 353% increase.

Shping Coin then sharply corrected before climbing to an even higher price of $0.102, its all-time high. However, SHPING has since strongly dipped once again and is exchanging hands at $0.055 at time of writing.

In addition to rewards and savings for shoppers, the project’s website says brands will also benefit from its services.

“Build an audience of brand followers to easily re-engage with at any time through multiple channels.

Get detailed insights on your shopper’s profile to use across all marketing channels.”

Shping already has several brand-name partnerships, including Vegemite, Gaia Skin and Body, and Heinz Baby Basics.

Coinbase says that the altcoin will be available to trade paired with USD and Tether (USDT). However, it’s currently not available on Coinbase.com or the exchange’s mobile apps.

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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.

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Crypto Giant Coinbase Abruptly Adds Four Ethereum Tokens, Sparking 296% Altcoin Rally

by Dailyhodl

A surprise group of Ethereum-based tokens are heating up after a sudden listing by top US crypto exchange Coinbase.

In a new blog post, Coinbase says that two finance-focused altcoins and a pair of other crypto assets will start trading on Coinbase Pro once appropriate liquidity conditions are met.

Inverse Finance (INV) is an Ethereum token offering a suite of banking tools for decentralized finance. Founded in 2020 by a single developer, the project now operates as a decentralized autonomous organization with hundreds of active members.

Inverse Finance saw its price go vertical from $621.82 to as high as $822 after the Coinbase announcement. The altcoin is currently up 22.14% on the day and trading for $767.61.

Also getting the green light from Coinbase Pro is the decentralized borrowing platform Liquity (LQTY) which offers interest-free loans using Ethereum (ETH) as collateral.

Liquity initially spiked 62.3% from $5.12 to $8.31, and currently, LQTY is up 13.25% on the day to $7.91.

Next up is Propy (PRO), a platform that automates real estate transactions to save time and reduce the likelihood of fraud. The native token can be used to cover the cost of fees and contracts.

Propy jumped from $1.59 to $2.30 almost instantly after the Coinbase news broke, ultimately peaking at $2.61. PRO is currently up 53.14% on the day at $2.45.

Last on the list is the threat detection and anti-malware project PolySwarm (NCT). The native token rewards users who assist in the collection of cybersecurity data and insights. PolySwarm partners include Alibaba.com, Tylabs and SecureBrain.

PolySwarm skyrocketed from $0.026 to $0.103 in response to the listing, a 296% jump.

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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.

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Coinbase Lists New ‘Golden’ Ethereum Token As Crypto Markets Bounce

by Dailyhodl

A decentralized credit protocol is looking to weave threads of gold after a surprise listing by top US crypto exchange Coinbase.

In a new blog post, Coinbase says that the Ethereum token Goldfinch Protocol (GFI) will start trading on Coinbase Pro once appropriate liquidity conditions are met.

The project fills a niche in the decentralized finance (DeFi) space by offering loans without requiring collateral in the form of cryptocurrency.

Goldfinch says,

“The vast majority of borrowers in the world can’t actually borrow on DeFi today because it requires over-collateralization with crypto.

By removing that crypto collateral requirement, the Goldfinch protocol unlocks an entirely new level of borrower capacity.

This is what will finally allow crypto to break out into global debt markets.”

Goldfinch is tapping into emerging economies across Africa, Asia, and Central and South America.

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Source: Goldfinch/Medium

Goldfinch recently announced it had raised $25 million led by venture capital firm Andreessen Horowitz.

The new GFI token will serve a variety of functions including community governance, staking, grants and participation incentives.

The altcoin has seen wild price action since first going live yesterday. GFI was valued at $26 at launch, then quickly fell to the $17 level before lurching to as high as $32.39.

Goldfinch has since seen a slow stagger downward and currently trades for $12.10.

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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.

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Coinbase Triggers Massive Price Rallies for Seven Altcoins After Launching Sudden Crypto Listing Spree

by Dailyhodl

Seven altcoins are surging after a surprise listing by top US crypto exchange Coinbase.

In a new blog post, Coinbase says that 5 Ethereum tokens and 2 other altcoins will start trading on Coinbase Pro once appropriate liquidity conditions are met.

Circuits of Value (COVAL) skyrocketed from $0.02 to $0.06 almost instantly and peaked at a fraction below $0.09 for a nearly 350% gain. COVAL has settled back in the $0.06 range at time of writing.

COVAL is the Ethereum token behind the Emblem platform which enables users to combine Ethereum (ETH), ERC-20 and NFT tokens to create a transfer token known as a Vault.

Fellow Ethereum token IDEX leaped 84% as news of the listing spread. Its native token IDEX powers the IDEX decentralized exchange which features an order book, automated market maker (AMM) and staking for holders.

IDEX rose from $0.25 to as high as $0.46 and is trading for $0.42 at time of writing.

Also on the rise is the fundraising project Polkastarter (POLS), which is built on the Polkadot blockchain. POLS quickly rallied from a weekly low of $2.94 to $3.79, then blasted off again to $4.94 for a total leap of 68%. The token is cuurrently trading at $4.45.

Environmentally conscious Moss Carbon Credit (MCO2) also saw an impressive rise after the Coinbase listing, vaulting from $9.24 to $16.71, and peaking at $20.77 – a nearly 125% rise.

Moss Carbon Credit seeks to fight climate change by offering carbon credits. Coinbase says,

“Burning one MCO2 token on the Moss Carbon Credit platform is equivalent to offsetting one ton of CO2 footprint, which is made possible by purchasing and protecting land in the Amazon rainforest.”

The altcoin is currently priced at $19.95.

SuperFarm (SUPER) is another Ethereum token getting the green light from Coinbase. It powers the non-fungible token (NFT) marketplace SuperFarm, where users can stake their SUPER holdings to earn NFT-redeemable points.

SUPER saw a near-instantaneous rise from $1.06 to $1.58, working up to a 66% gain and a high of $1.77. It’s currently holding strong at $1.74.

Spell Token (SPELL) governs the Abracadabra.money platform, where users deposit interest-bearing cryptos to mint the stablecoin MIM.

The coin spiked nearly 50%, moving from $0.009 to $0.013, then topping off at $0.017. It sits $0.016 at time of writing.

Lastly, ShapeShift FOX Token (FOX) is the native token of decentralized exchange (DEX) ShapeShift. The Coinbase listing announcement led to an immediate jump from $0.77 to $0.87. FOX worked its way up for a 35% rise to a weekly high of $1.04 before dipping slightly to its current price of $0.97.

Coinbase says that each token will be available to trade paired with USD and USDT.

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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.

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Coinbase Launches Support for Little-Known Altcoin Project, Triggering Instant 78% Price Increase

by Dailyhodl

One under-the-radar altcoin is surging after a surprise listing by top US crypto exchange Coinbase.

In a new blog post, Coinbase says that the Biconomy (BICO) token will start trading on Coinbase Pro later today once appropriate liquidity conditions are met.

BICO is an Ethereum-based altcoin that powers Biconomy, a network that aims to cheaply connect users to any decentralized applications (DApps) across multiple chains. BICO can be used to pay network fees, as well as vote on upgrades.

According to the project website, Biconomy seeks to solve several logistical problems in order to increase mainstream adoption of Web 3.0.

“Web3 applications today face major roadblocks to user adoption in the form of terrible user onboarding and transaction experience.

There are various bottlenecks in the transaction experience: Necessity to pay a gas fee every time the user uses your application. Users can only pay in ETH, which they may not have at that moment. Or the user may not want to spend their ETH investment. New users have a long complicated onboarding process. Proficiency in complex blockchain technicalities is required such as using MetaMask…

Our aim is to simplify transactions by handling blockchain-related complexities under the hood.”

News of the listing sent the price of BICO up like a rocket from $6.49 to $9.82 in a matter of minutes.

At time of writing, the altcoin is trading for $10.06, according to CoinGecko.

Biconomy already has a number of impressive partnerships, including ones from BainCapital Ventures, Mechanism Capital and Huobi Ventures.

The BICO listing is the latest in a spate of altcoins added to the Coinbase platform in recent weeks. CEO Brian Armstrong said this past summer that the exchange was hustling to list as many different cryptos as possible.

BICO is not yet available on Coinbase.com or the Coinbase mobile app.

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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.

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Coinbase Adds Crypto Exchange Token to Arsenal of Altcoins, Triggering 50% Rally

by Dailyhodl

Popular US-based crypto trading platform Coinbase Pro is adding another altcoin amid a flurry of new inclusions this week.

According to a Coinbase announcement, Voyager Token (VGX), the Ethereum-based coin of centralized exchange Voyager, has been added to Coinbase Pro. VGX is not yet available on the Coinbase retail platform or mobile app.

According to Voyager, VGX is a liquid token that provides utility across its platform. Participants can earn interest by staking the coin or using the token to enable instant transactions, receive fee discounts, and earn rewards for trading.

The announcement of the Coinbase Pro listing nearly sent Voyager to the moon. VGX saw an approximately 52% price jump from $2.76 on Tuesday to a local high of $4.21 on Wednesday. The crypto asset has since corrected, trading at $3.61 at time of writing.

The announcement comes after Coinbase launched support for five other altcoins this week, including Alchemix (ALCX), Ethereum Name Service (ENS), Gala Games (GALA), Power Ledger (POWR), and GYEN, a stablecoin pegged to the Japanese yen.

Though many crypto trading platforms such as Voyager have begun launching their own blockchains and cryptocurrencies, Coinbase recently said they decided against doing so due to a preference for decentralization.

As Coinbase CEO Brian Armstrong says,

“I’m kind of glad we didn’t [launch our own chain] because I don’t like the idea of there being a Coinbase Chain.

I like the idea of chains being much more decentralized than that.”

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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.

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Bitcoin (BTC) $ 41,871.22 4.97%
Ethereum (ETH) $ 2,233.37 2.10%
Litecoin (LTC) $ 72.40 0.66%
Bitcoin Cash (BCH) $ 248.95 8.48%