Coinbase Launches Support for Series of Altcoins Across Full Retail Platform

By Daily Hodl Staff

Top US crypto exchange Coinbase is expanding support for four Ethereum tokens and a pair of other altcoins across its full retail platform.

After a release on Coinbase Pro, IDEX (IDEX) is now available to buy and sell on the company’s main retail trading platform and mobile applications.

The Ethereum token powers the IDEX decentralized exchange which features an order book, automated market maker (AMM) and staking for holders.

IDEX has seen a roller coaster of price action this week, leaping from $0.25 to as high as $0.46 before slowly correcting down to its current valuation of $0.31.

Coinbase is also listing the environmentally-conscious Moss Carbon Credit (MCO2). The Ethereum-based project seeks to fight climate change and protect the Amazon rainforest.

The MCO2 token surged nearly 125% from 9.24 to $20.77 after the initial Coinbase Pro listing but has since cooled off and currently trades for $12.01.

Polkastarter (POLS) is next on the list of new Coinbase additions. It’s a fundraising project built on the Polkadot blockchain. The altcoin ramped up from $2.94 to $4.94 for a total leap of 68% but has settled back to $3.45 at time of writing.

Also joining the Coinbase suite is ShapeShift Fox Token (FOX), the native token of decentralized exchange ShapeShift. FOX is Ethereum-based, and holders have voting rights on the project’s DAO (decentralized autonomous organization).

The Coinbase Pro listing announcement helped spark a rise from $0.77 to a weekly high of $1.04. FOX has since dipped to $0.74, down over 10% on the day.

Next up is Spell Token (SPELL), which governs the Abracadabra.money platform where users deposit interest-bearing cryptos to mint the stablecoin MIM.

SPELL moved from $0.009 to as high as $0.020, sitting at $0.015 at time of writing.

The final altcoin now available across all Coinbase platforms is SuperFarm (SUPER). The Ethereum token powers the non-fungible token (NFT) marketplace SuperFarm, where users can stake their SUPER holdings to earn NFT-redeemable points.

SUPER rose from $1.06 to a weekly high of $1.77, is currently priced at $1.35.

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