In an expansion move, we’ve learned that Coinbase International Exchange is set to list three additional altcoins. The newcomers to the platform are Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR). It seems that this development is designed to give traders a broader spectrum of innovative digital currencies to invest in.
The exchange is due to open up the markets for these altcoins via DOT-PERP, ICP-PERP, and NEAR-PERP. Coinbase’s aim to diversify its portfolio through these cryptocurrencies is clear. The proposed launch time will be no less than 10:00 UTC on February 22, 2024, which denotes a significant stride in the exchange’s drive to incorporate more altcoins.
However, since the announcement from Coinbase, the aforementioned altcoins have incurred dips in their marketplace values. Polkadot, Internet Computer, and NEAR Protocol have respectively experienced price drops of 2.69%, 4.05%, and 4.99% in the last 24 hours.
Coinbase’s resolve to back these altcoins, despite their recent downward turn, is a signifier of their anticipated growth potential. It also hints at the exchange’s forward-thinking perspective in valuing innovation within the cryptosphere. Yet, it’s anybody’s guess whether these altcoins’ inclusion on Coinbase’s portfolio will impact their individual worth positively.