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Altcoins are currently receiving impactful news that can lead to significant outcomes. Despite fluctuations in MSTR shares causing BTC to dip below $96,800, it has not strayed drastically from its all-time high levels. What altcoin did Coinbase announce it would list?
Why is COW Coin Rising?
Coinbase announced a few minutes ago that it will list COW Coin for futures trading. The listing in futures will occur on a global exchange, providing more liquidity, which is supportive for the altcoin’s price. Following the announcement, COW’s price surged by approximately 7%, although the increase was limited due to BTC’s fluctuations.
Upcoming Listing Details
According to the announcement, the listing will take place on November 26, and COW futures trading pairs will be available on Coinbase International Exchange and Coinbase Advanced.
As of the time of writing, BTC is priced at $96,410. If ETH experiences a price increase during this period, BTC may enter a downward trend in market dominance. This could allow liquidity to flow into altcoins, revitalizing a market that has been suppressed for some time. Currently, most cryptocurrencies are still at levels seen when BTC was at $70,000.
