Coinbase, the biggest US-based alternate, has expanded its spot buying and selling platform with the addition of three new altcoins: Kamino (KMNO), Dolomite (DOLO), and Solayer (LAYER).
The listings triggered modest worth positive aspects throughout all three tokens shortly after the announcement.
Coinbase Broadcasts Itemizing of KMNO, DOLO, and LAYER
In an announcement printed on Coinbase Markets’ official X (previously Twitter) account, the alternate confirmed that KMNO, DOLO, and LAYER will likely be out there towards the US greenback.
Coinbase added that buying and selling will start on or after 9:00 AM Pacific Time (PT). That is contingent on liquidity situations being happy.
Moreover, entry may also rely on native laws. Thus, Coinbase famous that buying and selling will solely be out there in areas the place the alternate is legally allowed to supply it.
“Kamino (KMNO) and Dolomite (DOLO) will likely be out there on Coinbase․com, within the Coinbase app, and Coinbase Superior. Establishments can entry Kamino (KMNO) and Dolomite (DOLO) straight through Coinbase Alternate,” the alternate added.
The alternate additionally offered the official contract addresses for every supported asset. It emphasised that tokens should solely be despatched through their right networks to keep away from everlasting lack of funds. The contract addresses are:
- Solayer (LAYER) — Solana community (SPL token): LAYER4xPpTCb3QL8S9u41EAhAX7mhBn8Q6xMTwY2Yzc
- Kamino (KMNO) — Solana community (SPL token): KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS
- Dolomite (DOLO) — Ethereum community (ERC-20): 0x0F81001eF0A83ecCE5ccebf63EB302c70a39a654
Following the announcement, the tokens skilled small worth surges. KMNO rose from $0.057 to $0.061, a 7.02% enhance. DOLO climbed from $0.18 to $0.195, a acquire of 8.33%, and LAYER superior from $0.53 to $0.58, reflecting a 9.43% uptick.
KMNO, DOLO, and LAYER Value Efficiency. Supply: TradingView
Nevertheless, volatility shortly ensued. At press time, KMNO traded at $0.059, up 0.36% because the announcement. LAYER reached $0.55, sustaining an almost 3% enhance, indicating sustained curiosity.
Conversely, DOLO shed all positive aspects, dropping to $0.17, a decline of roughly 3%. This mirrors previous patterns the place Coinbase’s help has led to transient rallies in altcoins’ costs.
From Utility to Launch: How Tokens Get Listed on Coinbase
Moreover the itemizing bulletins, Coinbase additionally addressed the method behind listings themselves.
“We hear you – generally our listings course of can really feel unclear. We wish to do higher. We’re bringing extra transparency to our overview requirements, together with frequent roadblocks and timelines,” the alternate wrote.
In an in depth weblog submit, Coinbase defined that its asset itemizing course of is designed to be structured, clear, and accessible. Purposes are free and judged on equal requirements, and timelines differ from hours to months, relying on the venture’s complexity and submission high quality.
A whole utility with clear tokenomics, governance particulars, and technical documentation helps keep away from delays. The overview covers enterprise demand, compliance issues, and technical safety, adopted by integration work.
“Typically, the time from our overview of an asset to its itemizing is below 30 days. Tokens on supported networks typically might be supported sooner; new or unsupported chains take longer (as of this publication, supported networks for expedited listings embrace Ethereum, Base, Solana, Arbitrum, Optimism, Polygon, and Avalanche),” the weblog reads.
Coinbase highlighted that property undergo phased launches—deposits, auctions, limit-only buying and selling—earlier than reaching full buying and selling, making certain wholesome liquidity and defending long-term market integrity.
The submit Coinbase Expands Spot Market With 3 New Altcoin Itemizing appeared first on BeInCrypto.
