Coinbase, the most important US-based trade, has expanded its spot buying and selling platform with the addition of three new altcoins: Kamino (KMNO), Dolomite (DOLO), and Solayer (LAYER).
The listings triggered modest value positive factors throughout all three tokens shortly after the announcement.
Coinbase Pronounces Itemizing of KMNO, DOLO, and LAYER
In a press release revealed on Coinbase Markets’ official X (previously Twitter) account, the trade confirmed that KMNO, DOLO, and LAYER might be accessible in opposition to the US greenback.
Coinbase added that buying and selling will start on or after 9:00 AM Pacific Time (PT). That is contingent on liquidity circumstances being happy.
Moreover, entry may even rely upon native rules. Thus, Coinbase famous that buying and selling will solely be accessible in areas the place the trade is legally allowed to supply it.
“Kamino (KMNO) and Dolomite (DOLO) might be accessible on Coinbase․com, within the Coinbase app, and Coinbase Superior. Establishments can entry Kamino (KMNO) and Dolomite (DOLO) straight by way of Coinbase Change,” the trade added.
The trade additionally supplied the official contract addresses for every supported asset. It emphasised that tokens should solely be despatched by way of their right networks to keep away from everlasting lack of funds. The contract addresses are:
- Solayer (LAYER) — Solana community (SPL token): LAYER4xPpTCb3QL8S9u41EAhAX7mhBn8Q6xMTwY2Yzc
- Kamino (KMNO) — Solana community (SPL token): KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS
- Dolomite (DOLO) — Ethereum community (ERC-20): 0x0F81001eF0A83ecCE5ccebf63EB302c70a39a654
Following the announcement, the tokens skilled small value surges. KMNO rose from $0.057 to $0.061, a 7.02% improve. DOLO climbed from $0.18 to $0.195, a achieve of 8.33%, and LAYER superior from $0.53 to $0.58, reflecting a 9.43% uptick.
KMNO, DOLO, and LAYER Value Efficiency. Supply: TradingView
Nevertheless, volatility rapidly ensued. At press time, KMNO traded at $0.059, up 0.36% for the reason that announcement. LAYER reached $0.55, sustaining an almost 3% improve, indicating sustained curiosity.
Conversely, DOLO shed all positive factors, dropping to $0.17, a decline of roughly 3%. This mirrors previous patterns the place Coinbase’s assist has led to temporary rallies in altcoins’ costs.
From Software to Launch: How Tokens Get Listed on Coinbase
Apart from the itemizing bulletins, Coinbase additionally addressed the method behind listings themselves.
“We hear you – typically our listings course of can really feel unclear. We wish to do higher. We’re bringing extra transparency to our overview requirements, together with frequent roadblocks and timelines,” the trade wrote.
In an in depth weblog submit, Coinbase defined that its asset itemizing course of is designed to be structured, clear, and accessible. Functions are free and judged on equal requirements, and timelines range from hours to months, relying on the venture’s complexity and submission high quality.
An entire utility with clear tokenomics, governance particulars, and technical documentation helps keep away from delays. The overview covers enterprise demand, compliance concerns, and technical safety, adopted by integration work.
“Typically, the time from our overview of an asset to its itemizing is below 30 days. Tokens on supported networks typically will be supported sooner; new or unsupported chains take longer (as of this publication, supported networks for expedited listings embrace Ethereum, Base, Solana, Arbitrum, Optimism, Polygon, and Avalanche),” the weblog reads.
Coinbase highlighted that property undergo phased launches—deposits, auctions, limit-only buying and selling—earlier than reaching full buying and selling, making certain wholesome liquidity and defending long-term market integrity.
The submit Coinbase Expands Spot Market With 3 New Altcoin Itemizing appeared first on BeInCrypto.
