Coinbase and Robinhood Expand Their Offerings with 8 New Altcoin Listings
Major crypto platforms, Coinbase and Robinhood, have expanded their offerings with new altcoin listings, signaling continued growth in the digital asset market.
Coinbase has added support for Mamo (MAMO), Euler (EUL), Succinct (PROVE), and Towns Protocol (TOWNS). Meanwhile, Robinhood has introduced trading for Bonk (BONK), Pudgy Penguins (PENGU), Peanut the Squirrel (PNUT), and Stellar (XLM) on Robinhood Legend.
Coinbase Announces 4 New Altcoin Listings
In a series of consecutive posts on X (formerly Twitter), Coinbase announced that it will add trading support for the four altcoins. The exchange added that MAMO and EUL trading is scheduled to commence on or after 9 AM Pacific Time (PT).
The launch of the EUL-USD and MAMO-USD trading pair will be rolled out in phases as the necessary supply is secured, said Coinbase.
In addition, the largest US-based exchange also revealed the listing of two new altcoins: PROVE and TOWNS under the ‘Experimental Label.’ The altcoins are now available to trade on the website and the iOS and Android apps.
These two new-entry tokens have also secured listings on Binance with the ‘seed tag’ applied. Moreover, South Korea’s largest crypto exchanges, Upbit and Bithumb, have also added PROVE to their spot trading platforms, reflecting growing interest across exchanges.
Market data indicates significant price movements since the announcements. MAMO rose from $0.153 to $0.188, a 22.88% increase. At the time of writing, it was trading at $0.172 at press time, up 15.07% since the announcement.
EUL saw a modest uptick of 11.12% from $10.97 to $12.19. Nonetheless, the altcoin shed most of its gains and traded at $11.06 at press time.
PROVE has maintained an upward trajectory since its debut. Its value has appreciated by 94.12%. TOWNS’ journey has been more volatile, maintaining gains of 6.8% since launching.
Besides the 4 altcoins, Coinbase added dYdX (COSMOSDYDX) to its listing roadmap, indicating a strategic focus on expanding its altcoin ecosystem.
“The launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure. We will announce the launch of trading separately once these conditions have been met,” the announcement said.
Robinhood Lists BONK, PENGU, PNUT, and XLM
Meanwhile, Robinhood announced the addition of 4 altcoins to its Robinhood Legend platform, as per an official X post.
“BONK, PENGU, PNUT, and XLM are now available to trade on our advanced trading platform Robinhood Legend,” Robinhood said.
Despite the listings, the market response has been muted. All four tokens experienced declines following the announcement, with BONK dropping 3.95%, PENGU falling 2.76%, PNUT decreasing 1.10%, and XLM slipping 2.17%.
Nonetheless, the declines are part of a broader market correction. BeInCrypto Markets data showed that the total market capitalization fell 1.64% over the past day.
The post Coinbase and Robinhood Expand Their Offerings with 8 New Altcoin Listings appeared first on BeInCrypto.
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