New Ethereum-Based Altcoin Set for Imminent Launch Earns Big Boost From Coinbase
High US crypto alternate Coinbase has added a brand new token to its listing of altcoins which will seem on its roster of tradable digital belongings.
Saying by way of Twitter, Coinbase says it’s including Hashflow Token (HFT), the native token for decentralized alternate (DEX) Hashflow, to its roadmap.
Hashflow is constructed on the Ethereum (ETH) community and goals for interoperability, zero slippage and miner extractable worth (MEV)-protected trades. Whereas DEXes historically depend on automated market markers (AMMs) to allow on-demand buying and selling of belongings, Hashflow makes use of a request-for-quote (RFQ) mannequin that enables for skilled market makers to handle its liquidity swimming pools.
At time of writing, HFT has but to be launched. Nonetheless, crypto alternate Huobi says it would listing HFT on November seventh.
In response to its web site, Hashflow is backed by a number of trade heavyweights, together with Soar Buying and selling, Galaxy Digital, Alameda Analysis and Coinbase’s enterprise capital arm Coinbase Ventures.
Earlier this 12 months, CEO Brian Armstrong mentioned Coinbase goals to listing as many crypto belongings as potential, as lengthy they meet the corporate’s requirements.
“It’s sort of like Amazon or one thing like that the place a product might need three stars or it might need 5 stars, but when it begins to get one star persistently, it’s most likely fraudulent or faulty or one thing and perhaps Amazon will take away it. In any other case, you need to let the market determine what this stuff are.”
Coinbase created the roadmap this 12 months to extend transparency and scale back the potential of frontrunning their itemizing bulletins.
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