Popular Crypto Exchange Adds Three New Tokens; CVC, DNT, and MANA Experiencing ‘Coinbase Effect’
- Coinbase continues its listing spree, adding three more tokens.
- Users can now buy, sell, convert, send, receive, or store CVC, MANA, and DNT.
U.S. largest cryptocurrency exchange announced the listing of Civic (CVC), Decentraland (MANA), and distric0x (DNT), allowing users to start trading, converting, and storing them on their platform. These three tokens joins a string of recent listings on the exchange in the past few months as Coinbase competes with other heavyweights including Binance and Huobi.
At launch, CVC and MANA will be available to customers in every Coinbase-supported region while DNT is not available for trading in New York State.
Coinbase seems in a rush to onboard new tokens after the recent decentralized finance rush. In mid-October, Coinbase announced they are currently progressively looking at 39 DeFi tokens that could be listed on the ‘prestigious’ exchange in the coming weeks.
Civic is an identity verification platform that allows users to privately provide identities to authorities for verification without re-verifying on every other service provider. Service providers incentivize their users and verifiers by paying CVC tokens.
Decentraland is a decentralized and virtual land market that offers prime “virtual plots” of land for the MANA token. District0x powers a network of decentralized marketplaces and communities called districts.
Coinbase also released a strategic process to listen to its customers, who have relentlessly asked for more tokens to be added to the exchange.
As you can imagine, the typical ‘Coinbase effect' hit each of these coins as soon as the announcement went live. CVC is currently up 124% with a price of $.0571 while DNT is up 347% with a price of $.0419; unfortunately, MANA didn't experience quite the jump that the two other coins did. Seeing a 32% jump with a price of $0.0875.