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Listing Announcements for altcoins trigger significant price volatility, and we witnessed another instance. Bitcoin price was still trying to drop below $61,000 at the time of writing. Things are complicated for most altcoins because BTC price fluctuations bring greater loss risks.
Altcoin Listing Breaking News
Coinbase exchange recently announced that a new altcoin has been added to its listing roadmap. The exchange found this solution to increase transparency in listing processes, initially adding the altcoins it plans to list to the roadmap. Since the end of 2021, Coinbase has mentioned that it would speed up its listing processes with the motto of becoming the “Amazon of crypto.”
The altcoin announced today and added to the roadmap is Drift Protocol (DRIFT). Currently, QCAD (QCAD) is also on the roadmap, waiting to be listed as the second altcoin. It is unknown when Coinbase will list these two. Although rare, the company can abandon these altcoins after announcing its intention to list them.
To avoid exposure to similarly named tokens and potential scams, the contract address of DRIFT Coin has been added to the roadmap page as “Contract address: DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7.”
