Bitcoin Surpasses $67,000 as Coinbase Announces Token Listing

Bitcoin $107,639 price rose above $67,000 at the time of this article, reversing the recent decline. The positive turn in Bitcoin’s price bolsters the impact of good news on market prices, especially after Bitcoin’s earlier downturn affected altcoins. The recent listing announcement from Coinbase resulted in a notable 6% increase.

Coinbase Listing Announcement

Coinbase announced just minutes ago that it will not list the TURBO Token for futures trading. Following the collapse of FTX, Coinbase has diversified its revenue streams to survive the bear markets, taking various steps to ensure its stability. The launch of futures trading alongside the global exchange was one of these initiatives.

As Coinbase prepares for upcoming bull markets, it is taking steps to expand its futures trading pairs on the global exchange. The exchange consistently announces listings for various altcoins each month, which also contributes to increased liquidity for those altcoins, helping to raise their spot prices.

For instance, the listing for BIGTIME was completed six hours ago, while TURBO-PERP will go live on October 24.