Two Altcoins Added to Coinbase Listing Roadmap
Coinbase, a leading US crypto exchange, has announced the addition of two altcoins to its listing roadmap. The exchange’s customers may soon be able to trade Aerodrome Finance (AERO) and Velodrome Finance (VELO).
Aerodrome Finance is a trading and liquidity marketplace built on Coinbase’s Ethereum layer-2 scaling solution called Base. It is a fork of Velodrome, which operates on another Ethereum layer-2 scaler called Optimism.
Both AERO and VELO tokens have experienced significant price surges in the past 24 hours. AERO is currently trading at $0.0747, while VELO is trading at $0.056.
NFTs and Token Swaps
Both projects offer non-fungible tokens (NFTs) that allow holders to vote on token emissions and receive incentives and fees from the protocols. Additionally, they both promote token swaps with low fees and minimal slippage.
TVL Rankings
Aerodrome is currently the top protocol on Base in terms of total value locked (TVL), with nearly $116 million locked in its smart contracts. Velodrome holds the second position on Optimism with over $135.6 million in TVL.
Coinbase’s Listing Roadmap
Coinbase introduced its listing roadmap in 2022 as a means to enhance transparency and prevent front-running of new trading support announcements.
Hot Take: Two Altcoins Gain Momentum After Coinbase Announcement
The addition of Aerodrome Finance (AERO) and Velodrome Finance (VELO) to Coinbase’s listing roadmap has sparked significant interest in the crypto market. Both projects have seen substantial price increases, with AERO up over 69% and VELO surging by more than 35% in the past day. The inclusion of these altcoins on Coinbase’s platform provides a boost to their visibility and accessibility, potentially attracting more investors. As the crypto industry continues to evolve, exchanges like Coinbase play a crucial role in expanding the range of available assets and driving innovation in the space.
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