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Home / Business / Coinbase says it is adding 5 new news coins to its platform as Bitcoin slips

Coinbase says it is adding 5 new news coins to its platform as Bitcoin slips



Coinbase, the most popular platform for digital currencies in the US, said late Friday that it adds five new cryptocurrencies to its offering, which currently includes Bitcoin and Ethereum ethers.

Note the following Crypto Quintet, according to Coinbase:

  • Cardano Ticker: ADA- The estate is often compared to Ethereum, which offers smart contract capabilities
  • Basic Attention Token Ticker: [19659005] BAT- The coin has its roots in allowing advertisers to pay for user attention.
  • Stellar's Lumen Ticker : XLM Stellar's network was prominent in the fintech circles
  • Zcash Ticker: ZEC- Zcash is a popular private coin
  • 0x Ticker : ZRX -The coin is an open protocol that is used for smart contracts and operates on the Ethereum Blockch ain or Distributed Ledger

Read: 7 Cryptocurrencies to see 201

8 when you are on the hunt for the next Bitcoin

The trading platform said it explores the coins mentioned above, rather than adding them all the try Being as open and transparent as possible is in line with our process for adding new assets, said Keely Hopkins, an external Coinbase spokesman.

At the end of December, Coinbase added Bitcoin Cash

BCHUSD, -0.38%

with the price of the security flaring up before the addition, sparking the sparkle of insider trading that has haunted one of the largest digital currency exchanges in the world. Since then, Coinbase has been trying to shed light on its policy of adding new tokens and coins.

On Friday, the company said on a news blog that it could not guarantee that any of the assets listed would find a permanent home on its stock exchange.

Nevertheless, the valuation of the coins was increasing, Cardano rose by nearly 12% to 14 cents, Zcash was trading almost 16% higher at $ 178, Stellar's coins were up 11% to about 20 cents a lumen. The 0x coin increased by 26% to 96 cents, while the BAT coin increased by 21% to 32 cents.

The Coinbase moves as Bitcoin

BTCUSD, + 0.35%

digital asset # 1, hovered in the last few weeks at $ 6,100 to $ 6,200, near the lows of 2018.

Bitcoin's price is around 70 % has fallen to nearly $ 20,000 since peaking in late December last year and has been mostly in a downward trend since trading over $ 9,800 in May. A single Bitcoin traded at $ 6,211.45 late Friday in New York, down 0.6%.

Read: Bitcoin's meteoric fall means calls for rallies to end the year at $ 25,000 are in grave danger

Meanwhile, futures for Bitcoin traded on Cboe Global Markets Inc.

CBOE, -0.22%

for July

XBTN8, + 0.08%

matched $ 6,187.50, slightly higher than its $ 6,770 closed the previous day. For the week, it fell 6% based on the most active Cboe contract and has dropped 55% since the beginning of the year. Comex traded Bitcoin for delivery in July

BTCN8, + 0.32%

finished the session at $ 6,165, rising from $ 6,160 on Thursday, with a weekly decline of 5.9% and a contraction of 57% so far.

These returns are comparable to traditional values, which have developed much better. For example, the Dow Jones Industrial Average

DJIA, + 0.38%

S & P 500 Index

SPX, + 0.11%

and the Nasdaq Composite Index

COMP, + 0.03%

are all significantly higher for the week and year.

In the broader virtual currency complex, ether tokens

ETHUSD, -0.02%

rose 1.4% to $ 434 on Friday, Bitcoin Cash traded 2.7% higher at $ 698 and Ripple's XRP coin

XRPUSD, + 0.03%

rose 0.9% to 44 cents.

CryptoWatch: Bitcoin and other cryptocurrency prices, performance and market capitalization – all on one dashboard


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