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Coinbase Lists RedStone (RED): Details and Expectations

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by Giorgi Kostiuk

12 hours ago

Coinbase announced the listing of RedStone (RED) on the Ethereum network, causing the token's price to rise.

New Listing on Coinbase

Coinbase has announced the addition of RedStone (RED) to its listing. This decision is part of broader company changes impacting cryptocurrency values.

Details of RedStone Listing

RedStone will be available on the Ethereum network as an ERC-20 token. Trading will commence on March 12, 2025, provided liquidity conditions are met. Support for RedStone might be restricted in certain jurisdictions.

Coinbase will add support for RedStone (RED) on the Ethereum (ERC-20 token) network. Please do not send this asset via other networks, as it may result in the loss of funds.Coinbase Assets

Price Dynamics of RedStone

Following the listing announcement, RedStone's price increased by 5% to over $0.50 but then returned to previous levels. The token was also listed on Binance, reaching $1.46 before its price fell in line with the general market trend.

The listing of RedStone (RED) on Coinbase may significantly influence its market value, especially given the heightened volatility accompanying such announcements.

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