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Coinbase Announces Intention to List These Two Altcoins

2 mins
Updated by Bary Rahma
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In Brief

  • Coinbase announces plans to list Akash Network (AKT) and Ronin (RON), expanding its altcoin offerings.
  • The inclusion of AKT and RON highlights Coinbase's commitment to offering a diverse trading experience.
  • AKT and RON tokens' listing follows strict criteria focusing on legal compliance and technical security.
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Coinbase, a renowned cryptocurrency exchange, intends to list two additional altcoins.

This decision highlights Coinbase’s ongoing effort to broaden its asset portfolio, offering its users a more varied and dynamic trading experience.

Coinbase Could Soon List Two New Altcoins

Coinbase has revealed plans to expand its altcoin offerings by including two new assets: Akash Network (AKT) and Ronin (RON).

Akash Network, known for its decentralized cloud computing marketplace, and Ronin, an Ethereum sidechain developed specifically for blockchain games, represent significant additions to Coinbase’s platform. These listings align with the company’s roadmap, prioritizing transparency and informed trading for its clientele.

The announcement via Coinbase’s official Twitter account has sparked interest among investors and traders eager to explore these new assets. Indeed, AKT has experienced a 15% price increase in the last 24 hours, while RON has risen by 2.39%.

Read more: Top 10 Cheapest Cryptocurrencies to Invest in February 2024

Akash Network (AKT) and Ronin (RON) Price Performance
Akash Network (AKT) and Ronin (RON) Price Performance. Source: TradingView

Coinbase’s criteria for listing new assets are rigorous, focusing on legal compliance, technical security, and the project’s adherence to the platform’s standards rather than market cap or popularity. This approach ensures that only high-quality, secure assets make it to the platform, reinforcing the trust and credibility Coinbase has established within the cryptocurrency community.

It is important to note that transfers and trading for AKT and RONIN will not be supported until an official listing announcement is made. Coinbase has warned users against depositing these assets into their accounts prematurely, as doing so may result in a permanent loss of funds. This cautionary advice highlights the importance of adhering to official channels and announcements.

Read more: Coinbase vs. Coinbase Pro: Which Is Right for You?

In addition to introducing new assets, Coinbase has also mentioned the possibility of applying an “Experimental” label to newly listed assets. This label aims to provide traders with additional information, helping them make more informed decisions while navigating the complexities of the crypto market.

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Bary Rahma
Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.