Coinbase Effect Incoming? Top Crypto Exchange Listing Three New Altcoins for Pro Traders

Coinbase is bringing new crypto assets to its users at a rapid rate.

The leading US exchange says it’s now supporting the crypto assets BarnBridge (BOND), Livepeer (LPT) and Quant (QNT) on Coinbase Pro.

Trading on BOND-USD, LPT-USD and QNT-USD order books will launch in three phases: post-only, limit-only and full trading. Coinbase says it will post updates on Twitter as the order books move through these phases.

“If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.”

All three assets are now witnessing the so-called “Coinbase Effect,” with significant spikes in volume and price volatility.

BOND is the native token of the BarnBridge protocol that allows users to hedge against yield sensitivity and price volatility in the DeFi space.

LPT is an Ethereum token used for transcoding and distributing videos and incentivizing peers on the Livepeer network, the first fully decentralized live video streaming network protocol.

QNT is also an Ethereum token. It powers Quant Network’s Overledger operating system that connects public blockchains and private networks.

Just over a week ago, the platform announced it would allow trading for Polkadot (DOT), Chiliz (CHZ), Keep Network (KEEP) and Shiba Inu (SHIB).

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Source: https://dailyhodl.com/2021/06/25/coinbase-effect-incoming-top-crypto-exchange-listing-three-new-altcoins-for-pro-traders/