For cryptocurrencies, especially in the early stages, the best price catalyst is often exchange listings. They trigger rapid increases in value. Moreover, by providing access to more liquidity, they help grow the investor base. News of new listings is seen as a confirmation of the current status, reliability, and growth potential of altcoins by leading exchanges.
Last Minute Altcoin Listing News
Coinbase, the US-based cryptocurrency exchange, announced just a few minutes ago that it will list Zetachain (ZETA) from the Ethereum network. The exchange has accelerated its listing processes over the past 2 years and improved processes to introduce more altcoins to its investors. The exchange claims to conduct listings in compliance with the SEC, which also signifies recognition and endorsement for altcoins.
According to Coinbase’s announcement, if liquidity conditions are met, the altcoin will start trading on the exchange in the coming hours. Investors were warned to transfer their ZETA Coins only through the Ethereum network. ZETA, an ERC-20 Token, has the smart contract address 0xf091867EC603A6628eD83D274E835539D82e9cc8. Investors should pay attention to this when dealing with transactions on DeFi platforms and when defining wallets. As it is still a new altcoin, the initial transactions will start on the Coinbase exchange, followed by the expected opening of DeFi pools.