Coinbase Announces Support for Three Ethereum (ETH) Altcoins, Launching Several Crypto Rallies

Crypto Exchange Coinbase has announced support for three Ethereum (ETH)-based altcoins as the digital asset market faces ongoing downward pressure.

According to an announcement from Coinbase, it is to add Decentralized Injectable Exchange (DEX) protocol (NJI), focused on retail Bondi X (Bondex), and the non-fungible XMON (NFT) platform (XMON) to the trading list once ideal liquidity conditions are met.

All three crypto assets were included in Coinbase’s latest update of its listing roadmap earlier this month, which it created as a way to increase transparency and eliminate the possibility of crime.

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Following the announcement, each digital currency made modest gains before merging or correcting with the broader crypto markets.

INJ managed to gain 9.42% before falling back, and is now trading at $1.55 with a market capitalization of $121 million. PUNDIX triggered a strong rise of 30% from $0.46 to $0.60 and is now trading at $0.53 with a market capitalization of $138 million, while XMON was mostly flat, rebounding around 3% before correcting.

Last month, Coinbase CEO Brian Armstrong said that the exchange’s ultimate goal is to list as many crypto assets as possible, as long as they meet certain security and legality criteria.

“It’s like Amazon or something where a product might have three stars or five stars, but if it starts getting one star consistently, it’s probably fraudulent or defective or something like that and maybe Amazon will remove it. Otherwise you want to let The market decides what these things are…

I think there will be millions of these assets over time, so I hope the news won’t come out every time we add one in the future, basically.

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