A new altcoin is added to the listing roadmap of the top US crypto exchange Coinbase. Now, the token is on its way to be listed on its growing list of tradable digital assets.
Hedera (HBAR), a smart contract platform and the rival of Ethereum(ETH), is designed for regulatory compliance and security. Hedera (HBAR) is likely to begin trading on the platform.
The website of the project mentions that HBAR tokens can utilize the token to pay for network fees and also staking. At the time of writing, the price of HBAR stood at $0.06367. The 39-th ranked crypto asset by market cap has experienced a 0.11% decrease in the past 24 hours and a 25% decline from its August high of $0.084.
The third week of August has come to end on a bearish note. The major cryptocurrencies have experienced a decline of 12% on an average. With this sudden drop, the global crypto market has reached its lowest point in August. The top cryptocurrency was trading at $19,813.23, down by 1.10% in the past 24 hours, as of this writing. Meanwhile, the top altcoin was trading at $1,446.78, experiencing a 2.48% decline.
With the aim to reduce the possibility of frontrunning their listing announcements and increasing transparency, Coinbase has devised a roadmap. Brian Armstrong, the CEO of Coinbase, in a statement earlier this month said that until the company’s standards are fulfilled, the exchange aims to list as many crypto assets as possible.
Armstrong said it is like Amazon where a product is rated five stars or three stars. But if a product gets one start consistently then it’s likely that Amazon will remove it. Or, the market will decide these things. Armstrong further said that over time there will be millions of these assets, then in the future when a new one is added it wouldn’t make the news.
Source: https://www.thecoinrepublic.com/2022/08/29/coinbase-adds-decentralized-public-network-altcoin-to-its-listing-roadmap/