Coinbase Expanding Support for Low-Cap Altcoin ZEN

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Coinbase followed its commitment and listed new crypto assets with a very high rate over last year. 

On 16 September, Coinbase added Horizen’s native coin ZEN on the exchange. Now all the users of Coinbase can buy, sell, hold ZEN tokens on Coinbase through the app as well as the web. 

Horizen is a cross chain blockchain platform or we can say interoperable blockchain ecosystem. It’s native token ZEN had a low market cap since long time.

After the listing of the ZEN on Coinbase, it surged rapidly and also a big market volume can be seen on the Coinbase exchange with other crypto exchanges. At the present time ZEN is trading at $94.8 (which is 2.2% down in the last 24 hours, while it surged by around 8% yesterday). 

Brian Armstrong, CEO of Coinbase, said that they will try to list as many altcoins as they can. But they will keep the listing under the systematic rules and regulations to comply with the regulatory requirements. 

According to blog report, most expected altcoins that will be listed by Coinbase in future are 

Aragon (ANT), Arweave (AR), Ampleforth (AMPL), Helium (HNT), Hedera Hashgraph (HBAR), Kava.io (KAVA), Ocean, Protocol (OCEAN), Reserve Rights (RSR), tBTC (TBTC), Theta Network (THETA), UMA (UMA), DigiByte (DGB), Render Token (RNDR), Siacoin (SC), VeChain (VET).

Coinbase exchange is trying to enhance their services and user experience at their best. Recently they announced the launch of the USDC lending product but they got slammed by the SEC and said that the SEC will consider it unregistered securities.

Read also: CryptoFed DAO files with US SEC for approval of stable tokens