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Top US Crypto Exchange Coinbase Lists Eight Altcoins for Custody Support As Markets Stumble

Coinbase is increasing its crypto footprint by extending custodial providers assist to over half a dozen new altcoins.

In a brand new tweet, the US-based cryptocurrency alternate says it’s including eight new cryptos to its roster of 150+ belongings which might be a part of the Coinbase Custody chilly storage belief.

Coinbase Custody is a custodial service for institutional traders with huge cash. It’s chartered in New York State and designed to offer purchasers a extremely safe method to retailer giant quantities of cryptocurrency.

First getting the nod from Coinbase is decentralized storage community Bluzelle (BLZ), which was designed to fulfill the wants of avid gamers as the net gaming world incorporates crypto belongings and non-fungible tokens (NFTs).

BLZ is at present buying and selling sideways at $0.14.

The Ethereum-based token API3 (API3) powers a protocol targeted on enhancing conventional utility programming interface (API) know-how for the Web 3.0 financial system. The native token governs the API3 DAO, or decentralized autonomous group.

API3 is down a % to $4.60 at time of writing.

Gods Unchained (GODS) is a trading card game built on the Ethereum blockchain. The game enables users to earn money from their in-game purchases. GODS is currently down 1.73% to $1.04.

IDEX (IDEX) is a multi-blockchain decentralized exchange offering a non-custodial solution for trading digital assets. The IDEX token is used to secure the network and incentivize platform adoption.

IDEX finds itself down a fraction on the day at $0.14.

Also joining the Coinbase cold wallet roster is Measurable Data Token (MDT). The project was built to facilitate the anonymous sharing and monetizing of consumer data.

At time of writing, Measurable Data Token is down 1.69% to $0.045.

Next up is play-to-earn blockchain gaming platform Gala Games (GALA). The altcoin is down a percent and trading for $0.22.

Also added to the Coinbase Custody slate is peer-to-peer energy trading venture Power Ledger (POWR), whose native asset POWR is up 0.64% and changing hands for $0.51.

Last on the list is Spell Token (SPELL), the Abracadabra.money platform governance token. The platform allows users to deposit interest-bearing crypto assets to mint the stablecoin Magic Internet Money (MIM).

Spell Token is trading flat at $0.0035.

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Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/JohannaWallace/Andy Chipus/Natalia Siiatovskaia

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