Cryptocurrency exchange Coinbase has announced that it has studied 18 cryptocurrencies to list them on Coinbase platforms. Following the news, these cryptocurrencies saw a value increase between 8 and 140 percent.
Coinbase, one of the largest cryptocurrency exchanges in the world, is exploring 18 cryptocurrencies to list on their platforms.
The statement also stated that over time, it is aimed to ensure that all Coinbase customers can reach at least 90 percent of the total market value of cryptocurrencies in circulation. In addition, it was emphasized that the decision to list any asset requires significant technical and compatibility analysis, and not all assets may be listed in all regions. It was also noted that these 18 assets would not be guaranteed to be listed.
Rises reaching 140%
After the Coinbase news, all these cryptocurrencies increased significantly, even before they were listed. The most noticeable increase was in Livepeer (LPT). Cryptocurrencies saw a rise of 140 percent as soon as the news appeared, but then fell 35 percent.
Increasing listed on Coinbase
The listing of cryptocurrencies on Coinbase often results in a huge increase in the value of that cryptocurrency. Looking at the most recent time, OmiseGo (OMG) and Maker (MKR) are the most notable examples.
Coinbase has been coming up frequently in the last period. The stock market, which has been discussed with access interruptions during major price movements for a while, has recently been reacted to two US government agencies for an attempt to sell software to track their cryptocurrency addresses. CoinMarketCap data shows that $ 375 million of trades have taken place on Coinbase Pro in the past 24 hours.