Coinbase and Robinhood’s major crypto platforms expand their offerings with their new Altcoin list, indicating continued growth in the digital asset market.
Coinbase added support for Mamo (Mamo), Euler (EUL), Concise (proof), and Town Protocol (Town). Meanwhile, Robin Hood introduced the Robin Hood legend to trade Bonk (bonk), stocky penguins (penguins), peanutless (PNUT), and star (XLM).
Coinbase announces four new Altcoin lists
In a series of consecutive posts about X (formerly Twitter), Coinbase announced it would add trading support for four Altcoins. The exchange added that Mamo and EUL trading is expected to begin after 9am Pacific Time (PT).
According to Coinbase, the launch of the EUL-USD and MAMO-USD trading pairs will be rolled out in stages once the required supply is secured.
Furthermore, the largest exchange in the US has revealed a list of two new altcoins. It’s the proof and town under the “Experimental Label.” Altcoins can now be traded on the website and on iOS and Android apps.
These two new entry tokens also secure a list of binances with “seed tag” applied. Furthermore, Korea’s largest crypto exchanges, Upbit and Bithumb, have added proofs to their spot trading platforms, reflecting the growing interest across the exchange.
Market data shows significant price movements since the announcement. Mamo rose from $0.153 to $0.188, up 22.88%. At the time of writing, it had grown 15.07% since its release, trading at $0.172 at press time.
Eul saw a modest 11.12% rise from $10.97 to $12.19. Despite this, Altcoin poured out a large portion of its profits and traded at $11.06 at press.
The proof has maintained an upward trajectory since its debut. Its value is highly valued at 94.12%. Towns’ Journey is more volatile and has maintained a profit of 6.8% since its launch.
In addition to the four Altcoins, Coinbase has added Dydx (cosmosdydx) to its list roadmap, indicating its strategic focus on expanding the Altcoin ecosystem.
“The initiation of trading of these assets is subject to market establishment support and adequate technical infrastructure. Once these conditions are met, we will announce the start of trading separately,” the announcement states.
Robinhood lists Bonk, Pengu, PNUT, and XLM
Meanwhile, Robinhood has announced that it will add four Altcoins to the Robinhood Legend Platform, according to an official X post.
“Bonk, Pengu, PNUT and XLM are now available to trade on the senior trading platform Robinhood Legend,” says Robinhood.
Despite the list, the market response has been muted. All four tokens experienced a decline after the announcement, with Bonk down 3.95%, Pengu down 2.76%, PNUT down 1.10%, and XLM slipping 2.17%.
Nevertheless, the decline is part of a broader market correction. Data from Beincrypto Markets showed that total market capitalization has declined by 1.64% over the past day.
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