Coinbase introduces new digital assets, COW on Ethereum, WELL on Base, CATI futures, and ZETA trading, broadening its crypto services.
Coinbase has announced the addition of four new digital assets across its platforms, broadening its selection of tradable cryptocurrencies.
The newly listed tokens include CoW Protocol (COW) on the Ethereum network, Moonwell (WELL) on the Base network, Catizen (CATI) perpetual futures on Coinbase International Exchange, and Zetachain (ZETA) trading on the exchange.
This expansion is expected to influence trading volume across various platforms.
Coinbase Introduces Support for CoW Protocol
Coinbase will begin allowing transfers for CoW Protocol (COW) as an ERC-20 token on the Ethereum network.
According to the official statement, users should only transfer the token over the Ethereum network to avoid potential loss of funds.
Trading for the COW-USD pair is set to begin on September 24, 2024, at 9 AM PT, provided that liquidity conditions are met. The trading will be rolled out in phases, with certain regions potentially facing restrictions.
Following this announcement, COW saw a price surge, trading at $0.3076, up by 9.47% at the time of writing.
Moonwell Now Available on Base Network
Coinbase also supports Moonwell (WELL) on the Base network, with the ERC-20 token available for transfers across Coinbase platforms.
Trading for the WELL-USD pair is scheduled to start on September 24, 2024, once liquidity conditions are fulfilled. Like COW, trading will proceed in phases with potential regional restrictions.
This listing reflects Coinbase’s aim to expand its support for decentralized finance (DeFi) projects on emerging networks like Base.
Moonwell’s price has seen an uptick, hitting a 30-day high of $0.03642, and was trading at $0.03595 at press time, a 25% increase from its intra-day low.
Catizen Perpetual Futures Listed
Coinbase International Exchange also announced the listing of perpetual futures for Catizen (CATI), a newly launched token.
CATI-PERP trading will commence on or after 9:30 AM UTC on September 26, and will be available on both Coinbase International Exchange and the Advanced platforms.
Perpetual futures allow traders to speculate on price movements without owning the underlying asset.
CATI’s price exhibited volatility after the listing update, rising 7% to $0.8368 before retreating to $0.802, showcasing the volatility typical of meme tokens.
Zetachain Trading Launched
Additionally, Coinbase has opened trading for Zetachain (ZETA), which is now available for buying, selling, converting, and storing on the exchange’s website and mobile apps.
The launch of the ZETA-USD trading pair included an auction phase for users to place limit orders and establish the opening price for trading. At press time, ZETA had risen by 4%, trading at $0.6617.
