On May 26, Coinbase, a major US-based cryptocurrency exchange, visited X (formerly Twitter) to announce a new crypto list that includes eight new cryptocurrencies.
The exchange officially reviewed today’s listing and revealed that it is available only for trading with German users. Apparently, the move places Coinbase for wider adoption among crypto enthusiasts across the German region.
New cryptographic products for German users
According to the announcement, Coinbase is now able to buy and sell Rocket Pool (RPL), Reserve Rights (RSR), Pudgy Penguins (Pengu), Renzo (Rez), Aethir (ATH), Syrup (Syrup), Pendle (Pendle), and Leaer3 (L3).
German residents using the Coinbase trading platform are now able to buy, sell, convert, send, receive or store these cryptocurrencies thanks to the latest updates.
While users can seamlessly trade assets through Coinbase’s official website or through the Coinbase app, the company said that German users may need to update their apps to access the newly listed tokens.
Exchange is working to strengthen its position as a leader in the crypto industry as Coinbase continues to introduce new features to its trading platform.
Amid growing demand for new crypto projects in the European market, the decision to add tokens to Coinbase’s Crypto offering will bring about the adoption and growth of crypto projects.
More volume spikes
The newly listed tokens for German users from Coinbase have been traded for a long time among users from other regions, but the project is set to a higher volume spike, leveraging Coinbase’s reputation in Crypto Ecosystem.
According to CoinmarketCap data, Pudgy Penguins, Reserve Rights and Renzo have accumulated trading volumes of $97.96 million, $16.54 million, and $1332 million, respectively.
Syrup, Pendle and Ethir boast large trading volumes of $107.26 million, $61.95 million and $41.7 million, respectively.
Rocket Pool and Layer3 trade volumes are $5.86 million and $5.94 million, respectively. While it is not possible to determine the direct impact of the list on the prices of these assets immediately, a surge in recruitment among traders could drive a potential price increase in tokens.