Cryptocurrencies have experienced tumultuous days since Trump’s inauguration, with BTC currently hovering around the $106,000 mark. Trump has taken initial steps towards cryptocurrency, and the effects will become clearer over time. In response to increasing demand, Coinbase is expanding its offerings.
Coinbase’s Altcoin Listings
As the largest exchange in the U.S. by volume, Coinbase is set to benefit from a crypto-friendly administration. Simultaneously, the exchange continues to broaden its futures trading alternatives globally. Today’s announcement stated that futures for three new altcoins will be launched.
Expanding futures trading alternatives helps increase liquidity, which can aid in price volatility. The potential for good news to trigger larger market movements and increase acceptance makes this listing decision a positive development.
ETH has yet to maintain closing prices above $3,400, prompting altcoin investors to remain cautious. Given that volumes tend to be weak over the weekends, the market may exhibit stagnant behavior. The upcoming Friday’s ETF data will be crucial for the next 48 hours.
