Coinbase will list SHDW today

Coinbase to List Solana-Based Shadow Token (SHDW)

Coinbase has announced its plan to list Shadow Token (SHDW), a Solana network (SPL token) asset, on its crypto exchange.

Starting from April 10, 2024, at approximately 12:00 ET, trading will commence, subject to liquidity conditions being met. This move will allow Coinbase users to transfer and trade SHDW within regions where trading is permitted.

Coinbase to List Shadow Token (SHDW)

To ensure a smooth trading experience, Coinbase will initially roll out trading for SHDW-USD pairs in phases once it secures a sufficient supply of the asset.

However, users must note that they should not send SHDW over networks other than Solana.

Doing so could result in the loss of funds.

In line with its commitment to transparency and customer safety, Coinbase has designated SHDW with an “experimental label.” Coinbase applies this label to assets that are new to its platform or have relatively low trading volumes compared to other cryptocurrencies.

The experimental label is a caution to users. It highlights that such assets may experience significant price fluctuations and issues related to low liquidity, including canceled orders.

The Solana network contract address for Shadow Token is SHDWyBxihqiCj6YekG2GUr7wqKLeLAMK1gHZck9pL6y

Coinbase encourages users to familiarize themselves with the risks of trading experimental assets and to exercise caution when engaging in SHDW transactions.

Especially given the spike in volatility SHDW experienced following the announcement.

Shadow Token Price Performance

Beincrypto

Coinbase’s decision to list SHDW indicates its continuous efforts to broaden its cryptocurrency portfolio and offer users a wide array of digital assets.

However, certain community members have raised concerns about the company’s strategy of supporting altcoins with low market capitalization.

“[Coinbase] keeps expanding support for a failing, centralized, vaporware chain, and keeps ignoring the far superior alternatives,” a crypto enthusiast commented.

Comments

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry. The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling. Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move does not seem to be going over well with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a FAQ provided by Coinbase , for Canadian users, ...

Farm GRASS earn MONEY

Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets. One such groundbreaking avenue involves earning money by selling your unused internet connection. By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks. It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen. The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How ...

Crypto Ethone

Search This Blog