As BTC underperforms, the situation for altcoins worsens, leaving traders hopeful for a recovery. In such a challenging environment, exchanges continue to operate, striving to expand their offerings. One notable player is Coinbase, which recently made an announcement that has caught the attention of cryptocurrency enthusiasts.
Coinbase’s Altcoin Listing
Coinbase has just announced the listing of ETHFI. Following the announcement, the price surged by 9%, reaching a peak of $1.26. Although it dipped to $1.21 at the time of this writing, the positive news may lead to short-term price fluctuations, influenced largely by BTC’s performance.
Coinbase will list ETHFI on the Ethereum network, advising users not to send ETHFI from different networks. The listing is set for February 6, and transactions will be activated in stages. Particularly for DeFi investors, it is recommended to verify the contract number 0xFe0c30065B384F05761f15d0CC899D4F9F9Cc0eB to avoid fake tokens.
Currently, BTC is priced at $98,000 and continues to experience a 1% decline today.