Top Crypto Exchange Coinbase Expands List Of Altcoins, Supporting Two Ethereum-Based Altcoins

A pair of decentralized finance (DeFi) altcoins joins the list of assets on Coinbase, the leading US crypto exchange.

In an announcement, Coinbase said Index Cooperative (INDEX) will begin trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met.

Index Cooperative seeks to create user-friendly and profitable investment products by bringing together people with diverse skill sets to optimize strategy.

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The native INDEX governance token gives holders voting rights on new product offerings as well as asset allocation.

Index Cooperative fell after Coinbase’s announcement, initially dropping 24.4% from $7.99 to $6.04.

INDEX has since recovered somewhat, up 6.49% on the day and trading at $7.16.

Wrapped Ampleforth (WAMPL), the wrapped version of the DeFi Ampleforth (AMPL) token that seeks to achieve price-supply equilibrium, also joins the Coinbase list.

According to its whitepaper, the supply of AMPL increases or contracts every 24 hours depending on the price of the token. If AMPL is trading above $1, users get more tokens – if AMPL is trading below $1, users lose tokens.

Token benefits include full on-chain redemption, no technical integration needed, and a fixed total supply of 10 million WAMPL tokens.

Wrapped Ampleforth has seen price swings since Coinbase’s announcement, first rising 22% from $6.03 to $7.36 before falling back to $6.17.

After more volatile price action over the past 24 hours, WAMPL is currently down one percent at $6.41.

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Top Crypto Exchange Coinbase Expands List Of Altcoins, Supporting Two Ethereum-Based Altcoins


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