Coinbase Launches Support for Series of Altcoins Across Full Retail Platform

Top US crypto exchange Coinbase is expanding support for four Ethereum tokens and a pair of other altcoins across its full retail platform.

After a release on Coinbase Pro, IDEX (IDEX) is now available to buy and sell on the company’s main retail trading platform and mobile applications.

The Ethereum token powers the IDEX decentralized exchange which features an order book, automated market maker (AMM) and staking for holders.

IDEX has seen a roller coaster of price action this week, leaping from $0.25 to as high as $0.46 before slowly correcting down to its current valuation of $0.31.

Coinbase is also listing the environmentally-conscious Moss Carbon Credit (MCO2). The Ethereum-based project seeks to fight climate change and protect the Amazon rainforest.

The MCO2 token surged nearly 125% from 9.24 to $20.77 after the initial Coinbase Pro listing but has since cooled off and currently trades for $12.01.

Polkastarter (POLS) is next on the list of new Coinbase additions. It’s a fundraising project built on the Polkadot blockchain. The altcoin ramped up from $2.94 to $4.94 for a total leap of 68% but has settled back to $3.45 at time of writing.

Also joining the Coinbase suite is ShapeShift Fox Token (FOX), the native token of decentralized exchange ShapeShift. FOX is Ethereum-based, and holders have voting rights on the project’s DAO (decentralized autonomous organization).

The Coinbase Pro listing announcement helped spark a rise from $0.77 to a weekly high of $1.04. FOX has since dipped to $0.74, down over 10% on the day.

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

SPELL moved from $0.009 to as high as $0.020, sitting at $0.015 at time of writing.

The final altcoin now available across all Coinbase platforms is SuperFarm (SUPER). The Ethereum token powers the non-fungible token (NFT) marketplace SuperFarm, where users can stake their SUPER holdings to earn NFT-redeemable points.

SUPER rose from $1.06 to a weekly high of $1.77, is currently priced at $1.35.

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

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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