Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

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Top US-based crypto exchange platform COINBASE is expanding its suite of digital assets by adding custody support for over a dozen of Ethereum ()-based altcoins.

Coinbase it’s adding 14 new cryptocurrencies to the growing roster of virtual currencies in its Coinbase Custody cold storage trust.

Coinbase Custody, which launched in July 2018, is a crypto custodial service for wealthy and blue-chip investors located in New York that’s designed to give traders a safe way to store large amounts of digital assets.

The announcement had mixed results on the prices of the tokens, including cross-chain metaverse platform Ispolink (), which went from $0.000776 to $0.00106, a 20% increase. ISP has since stabilized and is trading for $0.000815 at time of writing.

Next on the list is DeFi Yield Protocol (), a decentralized ecosystem that offers solutions for yield farming and allows users to leverage trading tools. DYP went from $0.1601 to $0.1627 at time of writing, a 1.6% gain.

Other crypto assets that saw minimal gains on the day include music-based non-fungible token (NFT) builder Muse DAO (), network infrastructure provider Marlin (), blockchain data provider Parsiq (), multi-chain NFT farmer SuperFarm (), interoperable protocol Synapse (), and NFT curators XMON () and ImmutableX (

Digital assets that saw their prices fall after the announcement include financial services creator Chain (), which saw a 7% dip during the last 24 hours, going from $0.057 to $0.53 at time of writing.

Others that saw slight decreases in price include StaFi (), a protocol that aims to solve the contradiction between security and token liquidity within proof-of-stake consensus mechanisms and layer-2 scaling solution Metis (

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