An important announcement came from the leading Bitcoin and altcoin exchange Coinbase today. Coinbase Pro is an advanced cryptocurrency trading platform owned and operated by Coinbase. Coinbase Pro recently announced that it will support 3 new altcoin projects. According to this statement, the exchange will list MATIC, SKL and SUSHI on its platform on March 11. Altcoin prices soared after the announcement of Coinbase Pro.
Coinbase Pro lists 3 new altcoin projects! Prices skyrocketed
Coinbase Pro is Coinbase’s cryptocurrency trading platform focused on experienced and high-volume customers. Coinbase Pro made an important statement today and announced that it will support 3 new altcoin projects. The stock exchange made the following statement on the subject through its official website:
Starting right away, we will begin accepting inbound transfers of MATIC, SKL, and SUSHI to Coinbase Pro. If the liquidity conditions are met, transactions will begin on Thursday, March 11 or later. MATIC, SKL and SUSHI are not yet available on Coinbase.com or our mobile apps. We will make a separate announcement when this support is added.
Altcoin prices soared after the announcement of Coinbase Pro. Polygon (MATIC) climbed 40 percent to $ 0.296 levels. The Skale Network (SKL) rose 45 percent to over $ 0.50. SushiSwap (SUSHI) rose more than 15 percent to $ 20.1 levels.
What are Polygon, Skale Network and SushiSwap?
Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a multi-chain scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, the blockchain that works together with the Ethereum main chain. The Skale Network (SKL) is an Ethereum token that powers SKALE, which defines itself as “a leaderless consensus Ethereum compatible network designed to run on an unlimited number of independent nodes.
Nodes in Skale Network source multiple decentralized elastic blockchains. SushiSwap (SUSHI) is an Ethereum token that powers SushiSwap, a decentralized cryptocurrency exchange and an automated market builder based on Ethereum. SUSHI holders can participate in community management and share their tokens to receive a portion of SushiSwap’s transaction fees.
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