The post Coinbase to add ZetaChain, Aleo to experimental asset list appeared on BitcoinEthereumNews.com.

Coinbase will add lesser-known assets, using its experimental label. The latest projects with deposit wallets on Coinbase are ZetaChain and Aleo.  Coinbase will add lesser-known assets to its list, after tracking them for several months. Coinbase will add support for ZetaChain (ZETACHAIN), only on its native version. Any other bridged or wrapped tokens will be lost if sent to Coinbase.  ZETACHAIN will start trading at 9AM Pacific Time on September 19, establishing a pair with USD, if sufficient liquidity is reached at that time. Trading and deposit support may be restricted for some jurisdictions.  ZetaChain is an EVM-compatible asset, launched by one of the creators of Basic Attention Token (BAT) and a former Coinbase team member. ZetaChain is a L1 protocol, which aims to offer cross-chain apps on any other network, even proof-of-work ones. ZetaChain is still building up its ecosystem of apps, recently including a decentralized exchange. The network is also in the process of testing a stablecoin backed by Bitcoin (BTC) reserves.  Coinbase will add the asset under the Experimental label, which is used for all new assets on the platform, or ones with comparatively low volumes. The newly swapped POL token by Polygon is also carrying the experimental label, while all users switch their MATIC tokens. The Experimental label may be removed over time if the liquidity and security conditions are met. Coinbase already carries 247 coins and tokens, some with low volumes and market depth. This listing may cause some confusion, due to the existing ZETA token on Ethereum. The asset is already traded on major exchanges, including Kraken. ZETA is held in more than 70K wallets. However, the newly listed ZETACHAIN asset claims to have more than 3.78M accounts, only running on the native ZetaChain network. The listing may be a call for loyal ZetaChain…

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Filed under: News - @ September 18, 2024 8:25 pm