Cryptocurrency exchanges play a significant role in supporting prices through both spot and futures listings. Among these, Binance‘s listing announcements often benefit altcoins the most, but the impact of other global exchanges on market charts is also noticeable. At the time of writing, Coinbase has just announced a new listing. Which altcoin listings have taken center stage this evening?
January 9 Cryptocurrency Listings
The recent announcement from Coinbase highlighted new altcoins to be listed on Coinbase Global. In response to the recent bear market, this leading U.S. cryptocurrency exchange aimed to diversify its revenue streams by expanding globally. This strategic move has also enabled the exchange to offer futures trading services.
Today’s announcement included support for AERO, BEAM, and DRIFT.
“Coinbase International Exchange and Coinbase Advanced will add support for perpetual futures of Aerodrome Finance, Beam, and Drift. The AERO-PERP, BEAM-PERP, and DRIFT-PERP markets will open on January 16, 2025, at or after 9:30 UTC.”
Following the AERO announcement, its price surged by approximately 4%. Although BEAM saw a 3% increase, it quickly reverted to previous levels. While pairs with lower liquidity experienced even greater fluctuations, DRIFT did not witness a substantial rise. Fortunately, the prospect of achieving higher liquidity will create a more favorable environment for these altcoins in the medium to long term.
