As a seasoned researcher with over two decades of experience in the financial markets, I must admit that the recent announcements by Coinbase have sparked a renewed sense of excitement and optimism within me. The crypto market has always been an intriguing space to observe, but it’s moments like these that truly bring out its potential.
Notably, the prominent digital currency trading platform Coinbase has declared plans to add more cryptos to its service. This decision coincides with a period of optimistic market sentiments, as various digital currencies have experienced substantial growth over the past 24 hours.
Through a platform update announcement, Coinbase has made it known that ALEO (ALEO) is now accessible on their platform and through both their iOS and Android applications. The feature carries the “Experimental” tag, enabling users to trade, exchange, send, receive or hold this digital currency asset.
In a similar vein, Coinbase plans to integrate Zetachain (ZETACHAIN) into their platform, commencing trading operations on the Zetachain network, tentatively starting from 9:00 a.m. Pacific Time on September 19, 2024, provided that necessary liquidity requirements are fulfilled.
Coinbase’s international branch, operating globally, has revealed it will now handle Polygon and Dogecoin perpetual futures contracts. These financial instruments will be available for trading not only on the Coinbase International Exchange but also on the advanced version of Coinbase.
According to their latest update, the international and advanced versions of the Coinbase exchange have enabled full trading for the POL-PERP and DOGS-PERP markets.
Optimism spikes on market
The moment when Coinbase announces its listing is quite noteworthy, as the crypto market is experiencing a resurgence of positivity, with numerous digital currencies demonstrating impressive growth.
Bitcoin hit a new peak over the past three weeks, accompanied by a rise in the stock market. This upward trend seems to have been fueled by a significant reduction in interest rates announced by the Federal Reserve, causing a wave of positive effects across financial markets.
As I pen this analysis, Bitcoin (BTC) has surged approximately 6% over the past 24 hours, reaching a value of $63,133. Over the weekly period, it has climbed an impressive 9.17%.
Various digital currencies experienced growth, with Ethereum (ETH), Solana (SOL), Cardano (ADA), and Shiba Inu (SHIB) seeing daily gains of between 5% and 8%. Additionally, several other coins such as SUI, TAO, Dogwifhat (WIF), Celestia (TIA), SEI, Avalanche (AVAX), FLOKI, FET, and Popcat saw their values increase by as much as 35% and up to 10%.
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2024-09-19 19:04