As cryptocurrency exchanges enter a new era, they are listing altcoins more quickly because an increase in volumes is expected. When the market experiences a rise, interest in new altcoins and total volume increase. This allows exchanges to earn more revenue. Coinbase has just announced that it will list a new altcoin.
Last Minute Altcoin Listing
BTC is attempting to surpass $65,000 while Coinbase has announced the listing of a new altcoin. Investors have strong expectations for a rise in the coming months, and the calendar supports this. Both in terms of news flow and technical indicators, investors believing in a rise are standing on solid ground.
Coinbase has announced that it will list Ancient8 (A8) under the “Experimental” label in the coming hours. This label is preferred for speculative and newly launched assets. The announcement stated:
“Coinbase will add support for Ancient8 (A8) on the Ethereum network (ERC-20 token). Do not send this asset over other networks, or your funds may be lost. Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our A8-USD pair will be gradually initiated. A8 support may be restricted in some supported jurisdictions.
The contract address for Ancient8 (A8) on the Ethereum network (ERC-20 token) is 0x3E5A19c91266aD8cE2477B91585d1856B84062dF.”
