The cryptocurrency market is again in the red zone with a wave of sales. The leading cryptocurrency Bitcoin fell below a thousand dollars. The altcoin market is following a similar course to BTC with some exceptions. However, there are some exceptions. Leading crypto exchange Coinbase announced that it has added an altcoin to its listing roadmap. Following this news, the token price made a vertical ascent.
Coinbase adds WELL to its roadmap, the altcoin takes flight!
As you have been following on Kriptokoin.com, crypto exchanges continue to update their listings at full speed. Leading crypto exchange Coinbase announced that it has added Moonwell (WELL) to its listing roadmap. Moonwell is a low-market-cap token that runs on Coinbase’s homegrown layer-2 network and has increased in price following its addition. Moonwell offers an open lending and borrowing protocol across various platforms, making it user-friendly for beginners and experienced users.
Following this development, the WELL price made a vertical ascent. The token suddenly jumped to $ 0.1781 from $ 0.125 during the day. Despite the loss of altitude, the token’s flight continued at the time of writing. WELL was trading at $0.1585 at press time, up more than 25% on a daily basis. Meanwhile, the token’s trading volume also saw a phenomenal 160% increase. This reflects the interest of investors and traders in WELL after the Coinbase roadmap.
Crypto exchange to support IMX and FLOW
Meanwhile, Coinbase announced support for Coinbase International Exchange, Immutable (IMX) and Flow (FLOW). Both altcoins will be listed as perpetual futures on both Coinbase International and Advance. In this context, the exchange announced that the IMX- PERP and FLOW- PERP markets will be available to users on September 12.
This comes at a time when crypto platforms are trying to increase investment options for users. Over the last few months, decentralized finance (DeFi) investments have deepened, creating demand for a new product in the market. The move to include Immutable and FLOW will add to the derivatives market while meeting exchange goals to meet the needs of global participants. Traditionally, moves by top crypto exchanges like Coinbase ignite the market due to the volume available for these tokens. In terms of altcoins, it is possible that it could spur sentiment around legitimacy, leading to increased momentum. Last week, Coinbase listed BounceBit, Conflux and Neo on futures as part of its commitment to diversification.
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