It’s been revealed that Coinbase supports two altcoins that are built on Ethereum. This also triggered a strong price move for these two digital assets. Check out the latest reports about all this below.

Coinbase adds support to new coins

Accor5idng to the latest reports, there are two altcoins that prioritize decentralization and these are joining top US crypto exchange Coinbase’s roster of crypto assets.

In an announcement, Coinbase says BitDAO (BIT) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met.

Just to refresh your memory, BitDAO is a decentralized autonomous organization (DAO) aiming to promote Web 3.0. Its governance token BIT is built on Ethereum (ETH) and enables users to make proposals and vote.

The project’s website notes the following:

“BitDAO is a collective of builders and stakeholders enabling mutually beneficial Web3 ecosystems of people, products and public goods.”

Coinbase also listed Coin98 (C98). This is a self-described “all-in-one” decentralized finance (DeFi) platform where users can swap, stake, borrow, lend and earn crypto rewards.

The project’s decentralized exchange (DEX) allows participants to swap tokens across a number of different chains including Ethereum, Binance Smart Chain (BSC) and Solana (SOL).

Coinbase in the news

Coinbase has been making headlines a lot lately. Check out the latest news that we revealed in a previous article.

The chief legal officer of leading US-based crypto exchange Coinbase is reassuring investors their funds are safe on the platform. This is despite the bear market in which we currently are.

In a new company blog post, CLO Paul Grewal dispels fears users may have of losing the crypto assets they keep stored on Coinbase if the platform were to ever go bankrupt due to the price volatility of digital assets.

Check out the previous article that we recently posted in order to learn more details.

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