Coinbase Continues to Expand Its Listings – Announces Addition of Surprise Altcoin to Spot Market
Coinbase, the popular cryptocurrency exchange, has made the decision to list the Moonwell (WELL) altcoin, as stated in their official announcement. Trading for WELL will commence on September 24, 2024, provided that liquidity conditions are met. However, it is important to note that the token will be operating on Base, which is Coinbase’s layer 2 network. Tokens sent for deposit from other networks might result in losses.
Following the listing announcement, WELL, which is currently valued at $86 million, experienced a sudden surge in its price. It is worth mentioning that the altcoin is not yet listed on Binance. Coinbase has proven to be quicker in listing altcoins on the Base network. WELL, a DeFi platform altcoin, powers a borrowing and lending platform of the same name.
Please note that this article does not provide investment advice.
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