Crypto Exchange Coinbase Announces Support for Altcoin That Pulled Off 900% Rally This Year

Top US crypto exchange Coinbase is adding support for an altcoin project that saw massive gains earlier this year.

In an announcement via the social media platform X, Coinbase says it’s adding 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 to be a hyper-scalable complimentary smart contract platform to 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).

In the past year, Core reached a low of $0.36 in September 2023 and soared to $3.79 in April 2024, a gain of more than 900%. Core, with a market cap of $1.18 billion, is trading for $1.32 at time of writing, down nearly 2% in the last 24 hours.

Core also landed a listing on the South Korean-based 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 over other networks.
  • Deposit starts 2024.06.24 (Monday) 03:00 p.m.
  • Transaction/withdrawal start: 2024.06.24 (Monday) 05:00 p.m.
  • Base price: 1,840 won.
  • Number of deposit confirmations: 60.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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