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Reading: Bitcoin Surpasses $67,000 as Coinbase Announces Token Listing
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COINTURK NEWS > Coinbase > Bitcoin Surpasses $67,000 as Coinbase Announces Token Listing
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Bitcoin Surpasses $67,000 as Coinbase Announces Token Listing

In Brief

  • Bitcoin price rebounded beyond $67,000, boosting market confidence.

  • Coinbase decided against listing the TURBO Token for futures trading.

  • Upcoming token listings are expected to increase liquidity and spot prices.

İlayda Peker
İlayda Peker 2 years ago
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Bitcoin $77,229 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.

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İlayda Peker 17 October, 2024 - 7:25 pm 17 October, 2024 - 7:25 pm
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İlayda Peker
By İlayda Peker
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The author, who holds a degree in International Relations and Political Science, has 10 years of experience as a writer and editor in the fields of cryptocurrency, blockchain technologies, and digital asset markets.While at COINTURK, he has published over 8,500 news articles, analyses, essays, and reports on Bitcoin, altcoins, cryptocurrency markets, the blockchain ecosystem, digital asset regulations, and global financial developments. Closely following market movements and industry developments, the author addresses the complex world of cryptocurrency in a clear and reader-friendly manner.An avid reader, the author also evaluates the impact of international developments on financial markets and the digital asset ecosystem.
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