Coinbase is continuing to expand its crypto footprint by extending custodial services support to a variety of altcoins.
In a new announcement, the US-based cryptocurrency exchange says it’s adding nine cryptocurrencies to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust.
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— Coinbase Assets (@CoinbaseAssets) May 10, 2022
Coinbase Custody is a custodial service for institutional investors with big money. It’s chartered in New York State and designed to give clients a highly secure way to store large amounts of cryptocurrency.
First getting the nod from Coinbase is Ethernity Chain (ERN), a sports-based non-fungible token (NFT) marketplace endorsed by a number of star athletes including Lionel Messi and Shaquille O’Neal.
Next up is The Transfer Token (TTT), an Ethereum-based digital asset created by the Japanese financial technology (FinTech) firm Atom Solutions. Users can lend out the TTT token on its Eternal Wallet.
The Transfer Token is off by 4.5% and changing hands for $3.52.
Also joining the Coinbase cold wallet roster is Dopex (DPX), a decentralized options exchange that aims to maximize liquidity while also preventing investor losses.
At time of writing, Dopex has lost nearly 30% of its market valuation and is priced at $456.70. DPX was trading for nearly $950 on May 5th.
Status Network (SNT) offers users a secure messaging app, crypto wallet and Web3 browser via an open-source, peer-to-peer protocol and end-to-end encryption.
Currently, Status Network has dropped by nearly 20% and is priced at $0.030. Last Thursday SNT was trading for $0.053.
Also added to the Coinbase Custody slate is the threat detection and anti-malware project Polyswarm (NCT), whose native token NCT rewards users who assist in the collection of cybersecurity data and insights.
Next up is inSure DeFi (SURE), an insurance ecosystem for the blockchain realm that helps protect users of decentralized finance, NFT and metaverse gaming.
At time of writing, inSure DeFi is off by 11.46% with a going rate of $0.00402.
Also joining the Coinbase cold wallet roster is RedFOX Labs (RFOX), a metaverse-focused project that aims to bring immersive gaming experiences across multiple blockchains.
My Neighbor Alice (ALICE) is a non-fungible token (NFT) play-to-earn video game where players invest in digital islands by staking tokens. Players can then upgrade and build upon their islands and explore to find new collectibles.
Last on the list is the open-source hybrid blockchain Aergo (AERGO) which was built to assist developers of decentralized applications.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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