Crypto exchanges have been speeding up their listings for months as the market-wide expectation of a continued rise is strong. On the other hand, in bear markets, we were seeing the exact opposite with a series of delistings. Exchanges had taken these steps to reduce market maker costs when liquidity was weak, but now that daily volumes have exceeded $100 billion, the appetite for exchange listings is also strong.
Altcoin Listing News
Coinbase and Binance exchanges are now making listing announcements much more frequently. A recent announcement by Coinbase was also related to listing. In the April 23 announcement, it was mentioned that SAFE Coin will start trading on the Ethereum network.
“Coinbase will add support for Safe (SAFE) on the Ethereum network (ERC-20 token). Do not send this asset over other networks, or you may lose your money.
Trading will start later today if liquidity conditions are met. Once sufficient supply of this asset is ensured, trading in our SAFE-USD pair will be initiated in phases. SAFE support may be restricted in some supported jurisdictions.
The contract address for Safe (SAFE) on the Ethereum network (ERC-20 token) is 0x5afe3855358e112b5647b952709e6165e1c1eeee.
Coinbase will add support for SAFE with an Experimental label.”
Again, this altcoin has been listed with a risky asset label, so investors should be cautious of extreme volatility.
