Coinbase Adds 14 Cryptocurrency in Its Coinbase Custody

Coinbase has added custody support for over a dozen altcoins based on Ethereum (ETH) to its suite of digital assets.

Adding More Crypto

Coinbase has added 14 more virtual currencies to its Coinbase Custody cold storage trust.

“Coinbase Custody now supports deposits and withdrawals for 14 new assets. Availability of these assets may be restricted based on custodian entity and customer jurisdiction. Assets in thread,” Coinbase said on their Twitter account.

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A crypto custodial service, Coinbase Custody, launched in July 2018, allows wealthy and blue-chip investors residing in New York  to hold large amounts of digital assets in a safe and secure environment.

The Announcement Affect Token Price

As a result of the announcement, the prices of the tokens varied, including the cross-chain metaverse platform Ispolink (ISP), which rose 20% from $0.000776 to $0.00106.

Next, we have DeFi Yield Protocol (DYP), a decentralized ecosystem for yield farming that lets users leverage tools for trading.

Among the other crypto assets with minimal gains on the day are music-based non-fungible tokens developer Muse DAO (MUSE), network infrastructure provider Marlin (POND), blockchain data provider Parsiq (PRQ), multi-chain NFT farmer SuperFarm (FARM), interoperable protocol Synapse (SYN), and NFT curators XMON (XMON) and ImmutableX (IMX).

Another coin that were added in Coinbase custody are CBETH, DYP, FIS, and GUSD.

Chain (XCN), a financial services creator that saw its price decrease by 7% yesterday from $0.057 to $0.53, was one of the digital assets whose price dropped after the announcement.

Read More: A Crypto Analyst Says Polygon is Likely to Outperform Both Bitcoin and Binance Coin

There were also slight price drops for StaFi (FIS), a protocol aimed at solving the conflict between security and token liquidity within proof-of-stake consensus mechanisms, and Metis (METIS), a layer-2 scaling solution.

One Twitter user said, “All those assets are listed on CB besides $isp 👀 time to go all in?.”

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Jamilatul Mahmudah

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