Crypto exchange Coinbase is adding two decentralized (DeFi) low-cap altcoins to its platform.
The Ethereum-based tokens Rari Governance Token (RGT) and XYO Network (XYO) made their Coinbase Pro trading debut on Wednesday, according to Coinbase.
RGT powers Rari Capital, a DeFi platform for lending, fee discounts, and protocol governance.
XYO supports a network that anonymously collects and validates geospatial data, which can then be traded or staked against tokens representing real places.
Coinbase explains the move on its blog.
“One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.
Once sufficient supply of RGT and XYO is established on the platform… order books will launch in three phases: post-only, limit-only, and full trading.”
XYO has seen its price skyrocket from a 24-hour low of $0.018 to $0.028, a 55% increase at time of writing, according to CoinGecko. RGT fell from a day-high of $17.14 to $15.61 before stabilizing at $16.03, a 6.5% decrease.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Amanita Silvicora