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Coinbase News: Crypto Exchange To List 2 New Obscure Tokens

The Coinbase crypto exchange just announced the addition of two new coins to its listing roadmap. This announcement comes as a direct result of the principal notion of the firm, which is to serve as a bridge between retail customers and Web3. Even though the specific date of the listing has not been made public, it is anticipated that it will be within the following few weeks.

Coinbase To Add New Tokens

The California-based cryptocurrency exchange is in the process of increasing its range of tradable assets by adding two more altcoins. These include the metaverse-themed Virtua (TVK) and the Polygon-based Dimo (DIMO) which is aimed towards the automobile industry.

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Following the release of the news, the prices of the two cryptocurrencies exhibited a significant upward trend. TVK spiked by 4.5% in the past half an hour and is currently trading at $0.04. Meanwhile, the price of DIMO skyrocketed over 50% and is presently exchanging hands at $0.093, which is roughly 400% above its all-time low of $0.018 recorded in December of last year.

Coinbase Listing Details

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Cryptocurrencies that are added to the exchange’s roadmap, at times have a higher priority of getting listed as it falls under the firm’s stringent internal review. However, transfers and exchanges of these assets are not yet supported until a formal listing announcement is made. Certain coins on Coinbase’s roadmap may be removed or may not be included at all depending on a number of factors — although most of them often get listed in the end.

The Coinbase roadmap was designed with the objective of reducing insider trading and enhancing transparency surrounding the exchange’s listing procedure.