The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Little-Known Altcoin Surges 143% As Coinbase Announces Surprise Listing

by Daily Hodl Staff
June 2, 2022
in Altcoins, Trading

A new altcoin attempting to reward participants for contributions to the Ethereum network is posting gains after a listing from the largest US-based crypto exchange.

In an announcement, Coinbase says Optimism (OP) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met.

According to Coinbase, OP will be designated as “experimental,” meaning it may have higher volatility and lower trading volume when compared to other assets in Coinbase’s lineup.

Optimism is a layer-2 scaling solution for Ethereum (ETH). Its native token OP is used for governance and allocation of network resources.

OP launched on May 31st. Its was priced at $0.79 just before the announcement from Coinbase, which quickly brought its value soaring 143% to a high of $1.92, according to historical data from CoinMarketCap.

At time of writing, Optimism has given up some of those gains and is currently trading at $1.25.

In another post, Coinbase says it’s also adding Optimism to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust.

Coinbase Custody is a custodial service for institutional investors with big money. It’s chartered in New York State and designed to give clients a highly secure way to store large amounts of crypto.

Competing crypto exchange Binance initially said it planned to open OP for trading on June 1st paired with Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT), but then later postponed the offering “due to delays in deposits caused by high on-chain transaction volume.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
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/Agor2012/Sensvector

Submit a Press Release

Industry Announcements

  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,757.55
$117,757.55
0.99%
Ethereum
$2,963.28
$2,963.28
0.15%
BNB
$694.02
$694.02
0.48%
Solana
$163.49
$163.49
0.83%
XRP
$2.81
$2.81
8.82%

Spotlight

  • Economist Alex Krüger Outlines Three Bullish Catalysts for Bitcoin, Says Upcoming BTC Breakout Will Be ‘Explosive’
    July 4, 2025
  • Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP
    July 4, 2025
  • ‘I Don’t See How We’ll Do That’: JPMorgan’s Chief Global Strategist Says White House’s 3% US Economic Growth Projection Unsustainable
    July 4, 2025
  • Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000
    July 4, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl