Coinbase’s surprise announcement boosted three low-cap altcoins.
On Tuesday, Radicle (RAD), an open-source software collaboration network, jumped nearly 15% after the exchange announced it would be available for trading on Coinbase Pro.
According to CoinGecko, RAD is currently trading at $15.87. The asset’s order books will include the US dollar, euro, British pound sterling, Bitcoin (BTC), and Tether (USDT).
Coinbase has also announced support for DerivaDEX’s (DDX) native asset, which is a community-run derivatives exchange. As word spread, DDX jumped 73.8 percent on the day. At the time of writing, DDX was trading at $12.37.
According to Coinbase, DDX will have order books for the US dollar, the euro, and Tether.
Last but not least, DFI.money is a fork of yield generator Yearn.finance that is a decentralized finance (DeFi) farming aggregator. DFI.money’s governance token, YFII, has risen by about 20% since being listed on Coinbase Pro, and it is currently trading at $6,136.80.
Order books for the US dollar and Tether are expected to be available on YFII.
Coinbase.com and the exchange’s mobile apps do not yet support any of the three crypto-assets.
This summer, Coinbase has added support for a slew of new assets, including COTI (COTI), Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Wrapped Luna (WLUNA), Harvest Finance (FARM), Fetch.ai (FET), Paxos Standard (PAX), Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND (DOGE).
In the second quarter of 2021, the exchange generated a record $2 billion in net revenue from transactions, subscriptions, and services, as the platform’s monthly transacting users (MTUs) increased by 8.8 million, up 44 percent from Q1.