Top US crypto exchange platform Coinbase added another altcoin to its listing roadmap, which puts the token on the path toward being listed on its burgeoning roster of tradable digtal assets.
According to the project’s website, HBAR holders can use the token to pay for network fees or use it for staking.
HBAR is priced at $0.063 at time of writing. The 41st-ranked crypto asset by market cap is down more than 8% in the past 24 hours and over 25% from its August high of $0.084.
Coinbase created the roadmap this year to increase transparency and reduce the possibility of frontrunning their listing announcements.
Earlier this month, Coinbase CEO Brian Armstrong said the exchange aims to list as many crypto assets as possible, as long they meet the company’s standards.
“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are…
My belief is there’s gonna be millions of these assets over time, and so I hope it doesn’t make news every time we add one in the future, basically.”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
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 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/Zhedienks/Sensvector