2021-08-14 08:04:26

Five New Altcoins Launch Across Coinbase’s Crypto Trading Platforms

Five new altcoins are now available across Coinbase’s crypto trading platforms.

The customers of the top US-based crypto exchange can now buy and sell Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Quickswap (QUICK) and Wrapped Luna (WLUNA) across the firm’s website and apps as well as on Coinbase Pro.

The crypto assets are the latest in a spree of new listings for Coinbase in the last few weeks.

 

The addition of more assets has been central to the exchange’s recent strategy, with Coinbase chief executive Brian Armstrong saying in a recent company call that he wants the exchange to eventually support “millions” of assets.

“We want to be the Amazon of assets, list every asset out there in crypto that’s legal. There are thousands of them today. There are eventually going to be millions of them. This is… all under the theme of embracing decentralization.”

Axie Infinity is a play-to-earn online game developed by gaming startup Sky Mavis. Its players can generate profits through buying, breeding, and selling digital pets known as Axies. Each Axie is minted as a non-fungible token (NFT), enabling players to verify the authenticity of the digital creature in the blockchain.

AXS is trading at $69.08 at time of writing and is up 61.8% in the past seven days, according to CoinGecko.

The Request Network is a protocol for creating and requesting payments without an intermediary. Its utility token REQ is trading at $0.312677 at time of writing and is up a whopping 368% in the past seven days.

TrueFi is a decentralized finance (DeFi) uncollateralized lending protocol. TrueFi’s native token, TRU, is trading at $0.685162 at time of writing and is up 38.4% in the past seven days.

Quickswap is a decentralized exchange whose native token, QUICK, is trading at $790.45 at time of writing and is up 133% in the past seven days.

Wrapped Luna (WLUNA) is an Ethereum token that tracks the value of Terra (LUNA) on the Ethereum blockchain. WLUNA can be exchanged for LUNA and vice versa on a 1:1 ratio through a WLUNA partner, according to Coinbase.

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Featured Image: Shutterstock/INelson

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