Three Altcoins Spark Huge Rallies After Earning Surprise Support From Coinbase
Three low-cap altcoins surged after a surprise announcement from Coinbase.
Radicle (RAD), an open-source network for software collaboration, jumped nearly 15% on Tuesday after the exchange announced it would launch for trading on Coinbase Pro.
RAD is trading at $15.87 at time of writing, according to CoinGecko. The asset is set to have order books with the U.S. dollar, the euro, the British pound sterling, Bitcoin (BTC), and Tether (USDT).
Coinbase also announced support for the native asset of DerivaDEX (DDX), which is a community-governed derivatives exchange. DDX surged a whopping 73.8% on the day as word began to spread. DDX is trading at $12.37 at time of writing.
Coinbase says DDX will also have order books with the U.S. dollar, the euro, and Tether.
Last but not least, DFI.money is a decentralized finance (DeFi) farming aggregator that is a fork of yield generator Yearn.finance. DFI.money’s governance token YFII jumped by about 20% after being listed on Coinbase Pro, and it is trading at $6,136.80 at time of writing.
YFII is slated to have order books with the U.S. dollar and Tether.
None of the three crypto-assets are available yet on Coinbase.com or the exchange’s mobile apps.
Coinbase has been on a spree of listing new assets this summer, recently adding support for COTI (COTI), Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Wrapped Luna (WLUNA), Harvest Finance (FARM), Fetch.ai (FET), Paxos Standard (PAX), Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer (LPT), Quant (QNT), Chiliz (CHZ) Keep Network (KEEP), Polkadot (DOT), Solana (SOL), Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), and Dogecoin (DOGE).
The exchange generated a record net revenue of $2 billion from transactions, subscriptions, and services in the second quarter of 2021 as the platform’s monthly transacting users (MTUs) increased by 8.8 million – up 44% from Q1.
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