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October 9, 2021

Coinbase Boosts Support for Three Ethereum-Based Altcoins Across Entire Trading Ecosystem

By Daily Hodl Staff

US-based digital asset exchange Coinbase is expanding support for three Ethereum-based altcoins across its entire trading ecosystem.

In a new blog post, Coinbase announces that the governance token Function X (FX), which is designed to power a cross-chain platform for decentralized applications and financial services, can now be purchased on Coinbase.com and on the exchange’s mobile apps.

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Function X is trading at $1.24 at time of writing and is up 83% in the past week, according to CoinGecko. The crypto asset is down more than 11% in the past day, however.

Wrapped Centrifuge (WCFG), a token that mirrors the price of Centrifuge (CFG), is also now available on the exchange’s website and apps. Centrifuge is a decentralized finance (DeFi) platform that seeks to unlock liquidity and allow users to finance their purchase of real-world assets.

Wrapped Centrifuge is trading at $1.68 at time of writing, down 10% in the past day, 9.6% in the past week.

Additionally, Coinbase is expanding support for the crypto asset Jasmy (JASMY), a project aiming to use blockchain technology to create decentralized IoT (Internet of Things) platforms.

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Jasmy is trading at $0.054329 at time of writing and is up a whopping 199.4% in the past seven days. The crypto asset has retraced by nearly 13% in the past day, however.

Coinbase Pro listed all three tokens, along with the Ethereum-based token tBTC (TBTC), earlier this week.

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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 losses 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/WWWoronin/Andy Chipus