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Altcoins
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February 2, 2024

Top US Crypto Exchange Coinbase Rolls Out Trading for New Layer-1 Altcoin

By Rhodilee Jean Dolor

Users of top US crypto exchange Coinbase can now buy, sell and hold the new token of the layer-1 blockchain and smart contract platform ZetaChain (ZETA).

Coinbase says it is rolling out support for the altcoin, which launched on February 1st, with the experimental asset label.

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The exchange gives this mark to tokens that pose certain risks such as price swings and canceled orders because of lower trading volume and availability.

ZetaChain is a proof-of-stake blockchain designed to seamlessly enable different blockchain networks to communicate and interact with each other. Says the team behind the network,

“ZetaChain aims to establish a new standard for blockchain interoperability where users can access all of their assets and data from one wallet on a single platform, regardless of the blockchain they were created or stored on and without the need for bridges or risky wrapped tokens. This includes non-smart contract chains like the Bitcoin network and Dogecoin.”

Coinbase adds support for ZETA as the three-year-old blockchain announces the launch of the ZetaChain Mainnet Beta that connects Bitcoin (BTC), Ethereum (ETH) mainnet and BNB Chain.

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“ZetaChain was started in 2021 with a mission to serve as a platform for universal access, simplicity, and utility across any blockchain. With over 1.8 million community members and 200+ partners, ZetaChain Mainnet Beta will allow ZetaChain to massively increase its impact on the blockchain community.”

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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 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.

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