2021-03-10 10:05:52

Coinbase Bump Incoming? Top Crypto Exchange Abruptly Lists Three Altcoins After Lengthy Pause

Three altcoins could be poised for a surprise bump after receiving support from top crypto exchange Coinbase.

In a new blog post, Coinbase reveals that its users can now deposit Polygon (MATIC), Skale Network (SKL), and SushiSwap (SUSHI) into their Coinbase Pro accounts.

Support for the three crypto assets will be available in all supported jurisdictions with the exception of SUSHI, which will not be supported in the state of New York. Trading will begin on March 11th, on or after 9:00 a.m Pacific time once liquidity conditions are met.

Following Coinbase’s announcement, all three crypto assets began trading in green territory.

Skale Network (SKL), a blockchain protocol that allows developers to create and provide decentralized chains that are completely compatible with Ethereum (ETH), is in the midst of a massive rally. At time of writing, the altcoin is currently up over 84% in the last 24 hours according to CoinGecko.

Blockchain scaling solution Polygon is also on the up and up after printing gains of nearly 49% in the same timeframe.

Decentralized exchange SushiSwap is starting to generate momentum as it is up 8% in the last 24 hours.

Coinbase highlights that MATIC, SKL, and SUSHI are only available on Coinbase Pro. The crypto exchange notes that it will make a separate announcement should it decide to list the three altcoins on Coinbase.com.

Prior to the abrupt listing of MATIC, SKL, and SUSHI, Coinbase took a lengthy pause in adding coins to its roster of supported digital assets amid a crypto bull market. In December, Coinbase listed cross-chain cryptocurrency conversion protocol Bancor (BNT), derivatives liquidity and trading protocol Synthetix (SNX), and decentralized finance (DeFi) lending platform Aave.

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Featured Image: Shutterstuck/oneinchpunch/Vladimir Sazonov

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