Crypto exchange giant Coinbase just added three new small-cap altcoins to its retail trading platform.
According to Coinbase, the three digital assets will be designated as “experimental,” meaning they may have higher volatility and lower trading volume when compared to other assets in Coinbase’s lineup.
The leading US-based exchange says that business-focused open-source hybrid blockchain Aergo (AERGO), sports-based non-fungible token (NFT) marketplace Ethernity Chain (ERN), and decentralized finance platform Status Network (SNT) are all now live on Coinbase’s retail platform after initially launching on Coinbase Pro yesterday.
“To be transparent and help customers make informed decisions, we’ve added an experimental asset label to the product detail page of certain tradable assets that are either new to our platform or have relatively low trading volume compared to our broader crypto marketplace.
We encourage you to exercise caution with these assets as they come with certain risks, including price swings and canceled orders associated with lower volume and availability.
The experimental asset label will not impact your ability to send, receive, buy, sell and/or hold assets on Coinbase.”
The listing sent the trio of altcoins surging, as Aergo went from its 24-hour low of $0.234 to $0.262, a 12% increase, before stabilizing at $0.241 at time of writing.
Ethernity Chain went from a low of $4.93 to $5.28, while Status Network rallied from its 24-hour low of $0.058 to $0.07, representing a 20.5% increase. It has since stabilized at $0.061 at time of writing.
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Featured Image: Shutterstock/Vanessa SG/Natalia Siiatovskaia
