Coinbase, a global leader in the cryptocurrency space, recently revealed that it had added three new tokens to its listing roadmap: Audius (AUDIO), Threshold (T), and Axelar (AXL). These ERC-20-based coins are built on their respective blockchains, each offering unique features that will be explored further. Learn more about these promising tokens as we evaluate their growth potential in the crypto market!
Coinbase recently announced the addition of three new tokens to the listing roadmap for their cryptocurrency exchange. This announcement follows the exchange’s fundamental idea of acting as the bridge to Web3. Although the precise date of the listing has not been disclosed just yet, it is anticipated to be within the next few weeks.
Coinbase To Add New Tokens
The San Francisco-based crypto exchange is expanding its portfolio of tradable assets by adding three more altcoins. The new additions are ERC-20-based cryptocurrencies Audius (AUDIO), Threshold (T), and Axelar (AXL), which run on its proprietary blockchain. The three crypto-assets witnessed a slight increase in price following the announcement. AUDIO is now trading for $0.20, up by 6.30% over the past 24 hours. Threshold (T), which is currently changing hands for $0.03, rose by a whopping 34% over the same period. However, on the contrary, AXL is down by almost 9% at $0.58 after the announcement.
Coinbase Delists NuCypher and Keep Following Decentralized On-Chain Merger
Coinbase also announced that they would be delisting NuCypher (NU) and Keep (KEEP) from their exchange as both the crypto tokens were combined into the Threshold Network in a decentralized on-chain merger, which took place on January 1, 2022. The T token serves a dual purpose on the Threshold Network, both a utility token and a management token for the Threshold DAO.
Coinbase Listing Details
The cryptocurrency assets that an exchange like Coinbase adds to its roadmap are the ones it intends to support on its platform in the future. However, until a formal listing is announced, transfers and trades of these assets are not yet supported. According to Coinbase, coins placed on the roadmap list may still be removed or not be included at all owing to several different circumstances; nevertheless, some coins do finally get added to its catalog of supported crypto assets. The roadmap was developed to prevent insider trading and increase the openness surrounding Coinbase’s listing process.
On January 18th, KAVA, the cryptocurrency powering Kava’s Web3 network, made its debut on Coinbase’s trading platform following its addition to the roadmap only a few weeks ago.
Summary
Coinbase’s recent addition of Audius, Threshold and Axelar tokens to its exchange marks a highly anticipated move. Each token offers unique features that offer the potential for significant growth in the crypto market. This article investigates each token more closely by inspecting its proprietary blockchain technology and uses cases and providing commentary on their possible opportunities for expansion in this rapidly expanding industry.
Coinbase recently revealed that they are removing NuCypher (NU) and Keep (KEEP) from their exchange due to the decentralized on-chain merger of these two crypto tokens into The Threshold Network.
