Coinbase, the largest cryptocurrency exchange in the United States by volume, recently announced a new listing. The exchange is actively pursuing more listing opportunities to provide investors with additional alternatives. The latest announcement highlights the listing of which cryptocurrency?
Kaito (KAITO) Listing
Today, Kaito (KAITO) is being listed by centralized exchanges and will also be available on Coinbase later today. The platform, which distributes tokens based on points earned by users, offered a token worth $20,000 during the listing. However, due to high participant numbers, this $20,000 became a cap for professional users.
While the altcoin was priced above $1.40 at the time of writing, it is currently hovering around $0.91. Its market capitalization is reasonably close to the $1 billion mark, with strong trading volume.
“Coinbase will add support for Kaito (KAITO) on the Base network. Do not send this asset over other networks, or your funds may be lost.”
“Trading will begin later today if liquidity conditions are met. Trading for the KAITO-USD pair will gradually commence when sufficient supply is available. Support for Kaito may be restricted in some jurisdictions.” – Coinbase Announcement
