Coinbase Adds Custody Support for 12 Altcoins As Crypto Markets Bounce Back

Leading US-based crypto exchange Coinbase is adding to its burgeoning arsenal of digital assets by extending custodial services to a dozen altcoins.

Coinbase says it’s adding 12 new virtual assets to the growing roster of cryptocurrencies that are part of the Coinbase Custody trust.

Coinbase Custody is a custodial service for institutional investors who want to store large amounts of crypto assets.

The first token added was crypto lending platform Celsius Network (CEL), a decentralized finance (DeFi) network that lets users receive interest on deposited crypto assets. CEL is exchanging hands at $3.32 at time of writing

Next up is Cronos (CRO), the native asset of Singapore-based crypto exchange platform followed by decentralized application development platform Holochain (HOT).

CRO and HOT are trading at $0.45 and $0.005, respectively.

Following those are Magic Internet Money (MIM), the dollar-pegged stablecoin of the decentralized lending platform and Ethereum-based corporate credit marketplace Maple (MPL).

MIM is trading sideways at $0.97 while MPL has surged 10% on the day and is exchanging hands for $44.81 at time of writing.

After that comes Ethereum-based (ETH) token ParaSwap (PSP), a multi-chain decentralized exchange network, and Binance USD (BUSD), a stablecoin issued by crypto exchange platform Binance. PSP has seen a sharp drop on the day, falling 13% to $0.12.

The next digital assets up are crypto lending platform Nexo (NEXO) and Polkadot-based decentralized cross-chain fundraising protocol Polkastarter (POLS). NEXO and POLS are trading for $2.29 and $1.42, respectively.

Following NEXO and POLS are decentralized advertising crypto project YOUcash (YOUC) and Moss Carbon Credit (MCO2), an environmentally friendly token that lets users combat climate change.

YOUC is trading $0.101 at time of writing, a 21% increase on the day while MCO2 is trading sideways at $10.13.

Last is Circuits of Value (COVAL), the Ethereum-based token that powers crypto streamlining service Emblem. COVAL is trading for $0.44 at time of writing, a 3.5% drop on the day.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

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 loses 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.

Featured Image: Shutterstock/3000ad/Sensvector