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Home»Analysis»Crypto Exchange Coinbase Announces Support for Altcoin Which Rallyed 900% This Year
Analysis

Crypto Exchange Coinbase Announces Support for Altcoin Which Rallyed 900% This Year

2024-06-25No Comments2 Mins Read
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Top US crypto exchange Coinbase is adding support for an altcoin project that posted huge gains earlier this year.

In an announcement via social media platform X, Coinbase say it adds Core (CORE) to its trading platform.

“Core is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

According to the project, Core is designed as a hyper-scalable, complementary smart contract platform for Bitcoin. Core’s ecosystem includes a Satoshi Plus consensus mechanism, non-custodial staking, and a native version of wrapped Bitcoin. The project is also compatible with Ethereum Virtual Machine (EVM).

Over the past year, Core bottomed at $0.36 in September 2023 and rose to $3.79 in April 2024, a gain of over 900%. Core, with a market cap of $1.18 billion, is trading at $1.32 at the time of writing, down almost 2% in the past 24 hours.

Core too landed a listing on the South Korean cryptocurrency exchange Bithumb.

“[June 24th], Core will be added to the won market. Core trading support:

  • Supported Market: Korean Won Market.
  • Supported Network: Core DAO. No deposits via other networks.
  • The deposit starts on 24.06.2024 (Monday) 3:00 PM
  • Start transaction/withdrawal: 24.06.2024 (Monday) 5:00 PM
  • Base price: 1,840 won.
  • Number of deposit confirmations: 60.”

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Altcoin Announces Coinbase Crypto Exchange Rallyed Support Year
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