Crypto Exchange Giant Coinbase Offers Custody Support for Six Little-Known Altcoins, Including Four DeFi Tokens
Coinbase continues to develop its crypto footprint by extending custodial providers help to half a dozen altcoins, together with 4 decentralized finance (DeFi) tokens.
In a brand new announcement, the US-based cryptocurrency alternate says it’s including six new cryptocurrencies to its roster of 200+ belongings which are a part of the Coinbase Custody chilly storage belief.
Coinbase Custody now helps deposits and withdrawals for $BFC, $C98, $DODO, $MTL, $PROM and $REEF
Particulars right here ? https://t.co/HtybLZye3z pic.twitter.com/ZnmLXncD9N— Coinbase Belongings (@CoinbaseAssets) April 28, 2022
Coinbase Custody is a custodial service for institutional buyers with large cash. It’s chartered in New York State and designed to present shoppers a extremely safe option to retailer giant quantities of cryptocurrency.
First getting the nod from Coinbase is Bifrost (BFC) which payments itself because the world’s first blockchain middleware, a DeFi protocol constructed on Kusama (KSM). The platform goals to permit engineers to simply construct on prime of a number of blockchains and mix the very best options of assorted protocols. Its open-source, decentralized Biport Pockets went live final November.
Bifrost surged in a single day from a weekly low of $0.13 to above $0.15 however has since corrected with BFC now up by 4.63% and priced at $0.14.
Subsequent up is Ethereum-based Coin98 (C98), a self-described “all-in-one” DeFi platform the place customers can swap, stake, borrow, lend and earn crypto rewards.
Coin98 is at present up by 2.41% and buying and selling for $1.32.
Additionally becoming a member of the Coinbase chilly pockets roster is the multi-chain, liquidity-providing DeFi alternate DODO (DODO) which is geared for Net 3.0. Customers can mint their very own tokens, create liquidity swimming pools in addition to fractionalize their non-fungible tokens (NFTs).
At time of writing, DODO is down 1.33% and valued at $0.35.
Additionally added to the Coinbase Custody slate is Reef Finance (REEF), which caters to customers of DeFi, non-fungible tokens, and gaming. The community-governed undertaking is cross-chain suitable in addition to with the Ethereum Digital Machine (EVM).
Reef Finance has skilled uneven downward worth motion over the previous month, and at present, REEF is within the purple by 1.59% at a going price of $0.008 per token.
Additionally getting the nod is Metallic (MTL), one other Ethereum-based altcoin undertaking which is designed to deliver crypto funds to the mainstream. The Metallic Pay pockets app permits folks to purchase, promote and commerce cryptocurrencies in addition to ship capital to acquaintances.
Presently, Metal is up almost 3% and altering palms for $2.64.
Final on the record is Prometeus (PROM), whose open-source network prioritizes freedom of expression whereas enabling customers to monetize their information.
Prometeus is down 1.91% on the day and priced at $8.19, however stays up 6.9% from its month-to-month low of $7.66 on Tuesday.
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Featured Picture: Shutterstock/klyaksun
