Coinbase Rolls Trading Services

Top US Crypto Exchange Coinbase Rolls Out Trading Services for Under-the-Radar Ethereum-Based Altcoin

Top US crypto exchange Coinbase is rolling out trading services for yet another Ethereum (ETH)-based altcoin.

The exchange’s customers can now buy and sell Lido DAO (LDO), a staking service for Ethereum and other blockchain projects, on the platform.

LDO aims to enable users to stake ETH without locking up assets or maintaining infrastructure. When users stake on the platform, users receive Stake Ether (stETH) on a 1:1 basis representing their staked ETH, and stETH balances can be used like regular ETH to earn returns or rewards.

LDO is trading at $1.24 at the time of writing. The 45th-ranked crypto asset by market capitalization has risen more than 2% in the past 24 hours.

Coinbase also recently added MultiversX (EGLD) to its list roadmap. The internet-scale blockchain technology project was previously known as Elrond and rebranded to MultiverseX earlier this month. The rebranding aligns with the project’s expanded mission to the “digital meta-space frontier,” according to a press release.

EGLD is trading at $43.22 at the time of writing. The crypto-asset in the 43rd position by market capitalization has risen by 2% in the last 24 hours.

Coinbase created the listing roadmap earlier this year to increase transparency and reduce the possibility of pre-empting their listing announcements.

The exchange’s CEO, Brian Armstrong, said the exchange plans to list as many crypto-assets as possible that meet simple standards.

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Featured image: Shutterstock/Zaleman/Fotomay

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