Coinbase Boosts ETH-Based Altcoin Launching Soon

Top US cryptocurrency exchange Coinbase has added a new token to its list of alternative cryptocurrencies that may be traded on its platform.

Hashflow Token (HFT), the native token for Hashflow’s decentralized exchange (DEX), has been included to Coinbase’s road map, the company announced through Twitter.

Hashflow aspires for interoperability, zero slippage, and miner extractable value (MEV)-protected deals. Hashflow employs a request-for-quote (RFQ) methodology that enables professional market makers to manage its liquidity pools, while conventional DEXs depend on automated market markers (AMMs) to facilitate on-demand trading of assets.

At the time of writing, HFT has not yet been introduced. Huobi, a cryptocurrency exchange, says it will launch HFT on November 7.

According to its website, Hashflow is supported by a number of industry titans, including Jump Trading, Galaxy Digital, Alameda Research, and Coinbase Ventures, the venture capital arm of Coinbase.

Earlier this year, Coinbase CEO Brian Armstrong said that the business intends to offer as many cryptocurrencies as possible, provided they fit the company’s criteria.

“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are.”

Coinbase devised the plan this year to promote openness and limit the likelihood of listing announcements being preempted.

Comments

Post a Comment

Popular posts from this blog

Shiba Inu Whales and Dogecoin Whales Cash Out, Is Tamadoge a Better Investment

Image
Throughout 2022, Shiba Inu and Dogecoin have experienced huge price corrections, leading whales to cash out of the popular meme coins. While investors are looking for alternative meme investments, many are looking to invest in Tamadoge - a popular play-to-earn (P2E) cryptocurrency project.  Shiba Inu and Dogecoin Correction Since the beginning of 2022, the best shitcoins have been going through a large-scale price correction. Notably, Shiba Inu (SHIB) and Dogecoin have both witnessed huge price dips and have not performed as well as some of the other top cryptocurrencies. After starting August 2022 at $0.000012, Shiba Inu increased by 44% to $0.00001739. However, the cryptocurrency corrected back to the $0.000012 mark by the end of the month. On the other hand, Dogecoin also received a 24% price increase in the first 2 weeks of August before losing 27% of its valuation.  Shiba Inu and Dogecoin are trading 85% and 91% below their all-time high (ATH), respectively. The to
Read more

Buying Retik Finance (RETIK) now at $0.07 is as good as Buying Solana (SOL) for $2

Image
While investing, strategic investments often make the difference between witnessing substantial returns or missing out on transformative opportunities. One such promising project that has been gaining attention is Retik Finance (RETIK), currently available at an enticing $0.07 per token. Drawing parallels with the journey of Solana (SOL), which started at $2 and now trades at over $102, we delve into the reasons why buying Retik Finance at its current price point could be as advantageous as investing in Solana during its early stages. Solana's Impressive Trajectory Early investors who recognized Solana's potential in technology and team capabilities experienced extraordinary gains as SOL surged past the $2 mark by the end of 2020. Fast forward to today, SOL is trading at over $102.16, showcasing a staggering growth rate and positioning itself among the top cryptocurrencies by market capitalization. Retik Finance's Unique Value Proposition Retik Finance, currently
Read more

Expert Sees Bitcoin at $40k Amid Projection of BTC Backing US Dollars

Image
Todd Horwitz criticizes the US fiat currency system, calling it fraudulent. Horwitz supports Bitcoin inclusion in a basket of assets to back the US dollar. He sees Bitcoin price reaching $35,000 and then $40,000 over six months. In a recent interview with Todd Horwitz, Chief Market Strategist at BubbaTrading.com, the discussion shifted to the potential role of Bitcoin (BTC) as both a currency and commodity for backing the US dollar as political candidates advocate for a return to hard asset-backed currency. The interviewer Highlighted a fascinating trend among US 2024 presidential candidates, with Democratic candidate Robert Kennedy Jr. advocating backing the US dollar with hard assets like gold, silver, platinum, and even Bitcoin. Kennedy believed this move could stabilize the economy, curb inflation, and usher in a new American financial stability and prosperity era.  When asked about his thoughts on this trend, Todd Horwitz criticized the current fiat
Read more