Crypto Exchange Coinbase Adds Support for Two Low-Cap Ethereum Altcoins, Sparking Rallies

Crypto Exchange Coinbase Adds Support for Two Low-Cap Ethereum Altcoins, Sparking Rallies

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Top US crypto exchange Coinbase has given support for two Ethereum (ETH)-based altcoin projects as markets continue to consolidate.

In an announcement via Twitter, Coinbase says it will be adding support for Aragon (ANT) and Rocket Pool (RPL) on the Ethereum network on December 8th when sufficient liquidity levels are achieved.

With a market cap of $91 million, Aragon aims to be a framework for building decentralized autonomous organizations (DAOs), allowing users to easily construct DAOs on the Ethereum blockchain. Its native token ANT allows users to vote on proposals.

Rocket Pool, also an Ethereum-based project, is a staking pool protocol that aims to lower the capital and hardware requirements for staking on ETH 2.0. RPL is used for governance and can also be staked on Rocket Pool for insurance purposes.

Both tokens were placed on Coinbase’s listing roadmap last week, which the exchange created to promote transparency and prevent insider trading.

At time of writing, RPL is up 8% in the last seven days but has consolidated for several days between $21 and $19.70.

Aragon has shown more strength, with ANT putting in 20% gains in the last week, currently up 9.5% on the day.

Coinbase has continued to list more crypto assets over the last year, doubling down on its trading roster despite the bear market.

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/en-owai/Nikelser Kate

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