Coinbase Adds Arkham (ARKM) to its Watchlist and Delists Unifi Protocol DAO (UNFI)
The leading cryptocurrency exchange, Coinbase, is constantly making improvements to its platform to enhance the user experience. In its latest update, Coinbase has added Arkham (ARKM) to its watchlist, which consists of assets that are being closely observed and have the potential to be officially listed on the platform.
The announcement of Arkhamโs addition to Coinbaseโs watchlist led to a 20% spike in the price of ARKM. However, as the overall market declined, the price of ARKM also plunged in the following hours.
In addition to adding assets, Coinbase has also decided to delist trading services with Unifi Protocol DAO (UNFI) starting from April 1. This decision has caused the valuation of UNFI to drop by over 22% in just one day.
Binance Introduces New Trading Pairs and Contracts
Another major player in the cryptocurrency exchange industry, Binance, has also made some adjustments to its offerings.
Binance has recently introduced new USDT contracts on its platform. The newly added contracts include CAKE/USDT, ID/USDT, JUP/USDT, and RONIN/USDT.
Furthermore, Binance expanded its selection of trading pairs on Binance Spot earlier this month. The new trading pairs that were added include PEPE/FDUSD, UNI/FDUSD, OM/TRY, PIXEL/USDC, STRK/USDC, and THETA/TRY.
However, Binance faced some network congestion issues with Solana (SOL) withdrawals. As a result, SOL withdrawals were temporarily halted due to the increased volume of transactions on the network. Binance expected to restore the service by March 9.
Last week, Binance introduced several new trading pairs, including FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY. Additionally, it added FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, SNX/TRY, WIF/USDT, XRP/FDUSD, EUR/USDC, FET/USDC, and IMX/TRY as trading bot pairs.
Conclusion
Both Coinbase and Binance have made significant updates to their platforms to cater to the needs of crypto traders. Coinbaseโs addition of Arkham (ARKM) to its watchlist shows its commitment to offering a diverse range of assets for users to trade. On the other hand, Binanceโs introduction of new trading pairs and contracts demonstrates its efforts to provide a comprehensive trading experience.
As the cryptocurrency market continues to evolve and grow, exchanges like Coinbase and Binance play a crucial role in facilitating the buying and selling of digital assets. These updates by Coinbase and Binance are just a glimpse of the ongoing developments in the industry.
Hot Take: Constant Updates Reflect the Competitive Nature of Crypto Exchanges
Crypto exchanges are constantly striving to stay ahead in a highly competitive industry. The recent updates by Coinbase and Binance highlight their commitment to meeting the evolving needs of crypto traders. These updates not only enhance the user experience but also contribute to the overall growth and development of the cryptocurrency market.
By adding Arkham (ARKM) to its watchlist, Coinbase aims to provide its users with more opportunities for trading different assets. Similarly, Binanceโs introduction of new trading pairs and contracts expands the options available for traders on its platform.
With the rapid pace of innovation in the crypto industry, it is important for exchanges to keep up with the changing landscape. The updates made by Coinbase and Binance demonstrate their dedication to staying relevant and offering a competitive edge to their users.
As the cryptocurrency market continues to mature, we can expect more updates and improvements from exchanges like Coinbase and Binance. These updates will not only benefit the users but also contribute to the overall growth and adoption of cryptocurrencies.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.