Coinbase Launches Five Ethereum-Based Altcoins Across Cryptocurrency Trading Ecosystem


ALCX is trading at $441.61 at time of writing, down 3.18% on the day. In a new blog post, Coinbase announces that Alchemix (ALCX), the governance token for collateral-backed loan platform Alchemix Finance, can now be purchased on Coinbase.com and on the exchange’s mobile apps.

Currently, ENS is trading for $48.82. It’s down 8.71% on the day and over 50% from the all-time high of $88.64 it reached last week after being listed on Binance.

ENS is a governance token for Ethereum Name Service, which allows people to mint non-fungible tokens (NFTs) that can be linked to Ethereum addresses and web domains.

Additionally, Coinbase is expanding support for GALA, the native token of player-controlled blockchain gaming platform Gala Games. The altcoin surged over 100% from a low of $0.089 on November 15th to its current trading price of $0.20.

GYEN is an Ethereum-powered stablecoin pegged to the Japanese yen. Though GYEN is designed to stay pegged to the Japanese yen, it managed to rally a whopping 470% to $0.05 following the listing on Coinbase.

Lastly, peer-to-peer energy trading venture Power Ledger’s native token POWR is now live across all of Coinbase’s trading platforms. At time of writing, the altcoin is down 2.07% to $0.70.

Coinbase Pro listed all of the tokens except GYEN, along with mStable USD (MUSD) stablecoin, earlier this week.

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