Coinbase Lists Low-Cap Ethereum-Based Altcoin That’s Up 30% in Last Seven Days

Coinbase Lists Low-Cap Ethereum-Based Altcoin That’s Up 30% in Last Seven Days

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US crypto exchange Coinbase is giving surprise support for two Ethereum (ETH)-based altcoin projects, including one that’s outperformed much of the markets over the last week.

In an announcement via Twitter, Coinbase says it will be listing decentralized cross-chain identity aggregator Litentry (LIT), and decentralized finance (DeFi) based NFT project Aavegotchi (GHST).

LIT and GHST are slated for trading at 9am PT today once sufficient liquidity conditions are met.

Both altcoins were added to Coinbase’s listing roadmap just last week, which the exchange created to promote transparency and prevent insider trading.

At time of writing, LIT is up 31% in the last seven days, going from a low of $0.68 last week to $0.90 earlier today. LIT is currently trading at $0.89, up 8% on the day with a market cap of just $35 million.

GHST is trading for $1.06, up 3% on the week and has a market cap of $43 million.

Earlier this year, Coinbase CEO Brian Armstrong said the exchange aims to list as many crypto assets as possible, as long as they meet the company’s standards.

“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are.”

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Featured Image: Shutterstock/Ecleposs 3D/WindAwake

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