Coinbase has announced the addition of new assets to its listing, utilizing the experimental label. This time, Coinbase will support ZetaChain and Aleo.
ZetaChain: New Opportunities
Coinbase will add support for ZetaChain (ZETACHAIN), only for 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, developed by one of the creators of Basic Attention Token (BAT) and a former Coinbase team member. It's an L1 protocol aiming to offer cross-chain apps for any network, including proof-of-work. ZetaChain is also testing a stablecoin backed by Bitcoin (BTC) reserves.
Aleo Next in Line
Coinbase will also add Aleo (ALEO) in its native chain version, accepting no other tokens from other networks. Unlike ZetaChain, Aleo has yet to build its main net and continues to develop its tokenomics. Initially, 1.5 billion ALEO tokens will be launched. The Aleo project has existed for years but is still in the airdrop stage.
CoW Protocol on Coinbase Roadmap
As of September 17, CoW Protocol was added to the roadmap. The roadmap is constantly updated and provides a preview of potential listings. However, Coinbase aims to list all possible assets, based on legal compliance and technological stability. The CoW Protocol offers smart routing through decentralized exchanges (DEX), allowing coins or tokens to be sold without slippage and with optimal fees. The COW token has been trading since 2022, primarily depending on Balancer decentralized pairs.
Coinbase's decision to add new experimental assets shows the exchange's commitment to expanding the list of supported projects while focusing on legal and technological security.
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