Coinbase has announced the listing of a new altcoin, MagicEden (ME) token, with trading set to begin on Coinbase International and Advanced platforms.
Cryptocurrency exchanges are actively pursuing methods to capitalize on the growing interest in risk. This has led to the aggressive listing of tokens for protocols that garner attention. A new listing has been recently announced by Coinbase Global.
New Altcoin Listing on Coinbase
A new altcoin will be introduced in futures trading, as per the announcement from Coinbase Global. MagicEden (ME) trading will be enabled on Coinbase International Exchange and Coinbase Advanced prior to the launch. November 20 is the date that the futures contracts for ME Token were announced.
Potential Hazards of Pre-Launch Listings
The announcement emphasizes that pre-launch listings are substantially more risky and cautions investors as a result.
During the initial stages of Solana, MagicEden, the NFT marketplace, was the preferable option. The team now believes that the time is opportune for the introduction, given the recent increase in NFT volumes.
