January 27, 2023

Top US crypto exchange Coinbase has provided support for two Ethereum (ETH)-based altcoin projects as markets continue to consolidate.

In a Announcement via Twitter, Coinbase says it will add support for Aragon (ANT) and Rocket Pool (RPL) on the Ethereum network on December 8 when sufficient liquidity levels are reached.

With a market cap of $91 million, Aragon aims to be a framework for building decentralized autonomous organizations (DAOs), allowing users to easily build DAOs on the Ethereum blockchain. The native token ANT allows users to vote on proposals.

Also an Ethereum-based project, Rocket Pool is a staking pool protocol that aims to lower capital and hardware requirements for staking on ETH 2.0. RPL is used for governance and can also be deployed on Rocket Pool for insurance purposes.

Both tokens were placed on Coinbase’s roadmap last week, which the exchange created to promote transparency and prevent insider trading.

At the time of writing, the RPL is up 8% over the past seven days, but consolidated for several days between $21 and $19.70.

Aragon has shown more strength, with ANT posting 20% ​​gains over the past week, currently up 9.5% on the day.

Coinbase has continued to list more crypto assets over the past year, doubling its trading list despite the bear market.

Earlier this year, Coinbase CEO Brian Armstrong said the exchange aims to list as many crypto assets as possible, as long as they meet the company’s standards.

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

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Featured Image: Shutterstock/en-owai/Nikelser Kate

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