Top US Crypto Exchange Coinbase Adds Support for ZetaChain (ZETA)
Users of Coinbase, one of the leading cryptocurrency exchanges in the United States, can now trade ZetaChain (ZETA), the token of the layer-1 blockchain and smart contract platform. Coinbase has announced that it is rolling out support for ZETA, which was launched on February 1st. However, the exchange has labeled ZETA as an experimental asset due to certain risks associated with it, such as price volatility and limited trading volume.
What is ZetaChain?
ZetaChain is a proof-of-stake blockchain network that aims to facilitate interoperability between different blockchain networks. The team behind ZetaChain wants to establish a new standard for blockchain interoperability by allowing users to access all their assets and data from one wallet on a single platform, regardless of the blockchain they were created or stored on. This includes non-smart contract chains like Bitcoin and Dogecoin.
ZetaChain Mainnet Beta Launch
In addition to Coinbase’s support, ZetaChain has also announced the launch of its Mainnet Beta. This beta version connects the Bitcoin, Ethereum, and BNB Chain mainnets. With over 1.8 million community members and more than 200 partners, ZetaChain aims to have a significant impact on the blockchain community through its Mainnet Beta.
Hot Take: Coinbase Expands Its Altcoin Offering with ZetaChain
Coinbase’s decision to add support for ZetaChain demonstrates its commitment to expanding its altcoin offerings and providing users with access to a diverse range of cryptocurrencies. By listing ZETA, Coinbase is giving its users the opportunity to participate in the growth potential of this emerging layer-1 blockchain platform. As more investors and traders seek exposure to alternative cryptocurrencies, Coinbase’s move to include ZETA in its trading options could attract new users and further solidify its position as a leading crypto exchange.
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