Coinbase, the largest cryptocurrency exchange in the United States by trading volume, has announced a new listing. Amid expectations of a market rally in the last quarter, exchanges are increasing their options to attract users. In 2021, Coinbase’s CEO stated that they aim to become the Amazon of cryptocurrency.
Coinbase’s Altcoin Listing
The goal of becoming the Amazon of cryptocurrency suggests that Coinbase will do everything possible to ensure all assets are tradable on their platform. The exchange continues to list assets that have the potential to be classified as securities, while it battles the SEC. Recently, they announced the listing of the ALEO Token.
“Coinbase will add support for Aleo (ALEO) on the Aleo network. Do not send this asset through other networks, or your funds may be lost.
If liquidity conditions are met, trading will begin later today. Trading on the ALEO-USD pair will gradually start once sufficient supply is ensured. Support for ALEO may be restricted in certain jurisdictions.
Coinbase will add support for ALEO with an Experimental label.”
The Experimental label indicates high volatility warnings for investors and is often assigned to less secure assets. Therefore, it is advisable for investors to exercise caution. At the time of writing, Coinbase also announced it would list another altcoin, Zetachain (ZETACHAIN), with this listing scheduled for tomorrow.
