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In bear markets, exchanges reduce trading pairs and take delisting steps due to shallow liquidity causing extra costs. Conversely, bull markets are characterized by aggressive listings that offer investors more alternatives. Recently, we have observed this trend again with Coinbase‘s latest announcement.
Altcoin Listing on February 6
Coinbase has announced the listing of three cryptocurrencies for futures trading. The exchange has managed to stay afloat in bear markets by diversifying its revenue through Coinbase Global. Now, it aims to increase its share in futures trading while providing more alternatives for users.
The announcement regarding listings of PENGU, HNT, and POPCAT means increased liquidity for these altcoins. Furthermore, the decision to list these coins during a downturn signifies that investor interest in these altcoins remains positive.
BTC is hovering around $97,300 as this article is prepared, with the decline deepening. Despite reports suggesting that the war in Russia may end in the coming months, markets are moving in the opposite direction. Cryptocurrencies, which fell when the war began in 2022, are now declining again with news of a potential end to the conflict.
