BOND, LPT, and QNT become the latest crypto additions to Coinbase

By: Ali Raza
Ali Raza
Ali plays a key role in the cryptocurrency news team. He loves travelling during his spare time and enjoys… read more.
on Jun 25, 2021
  • Coinbase has now added BOND, LPT, and QNT Digital Assets To Its Platform.
  • The crypto exchange says trading for these assets will also be supported on Coinbase Pro.
  • The move is part of the exchange’s goal of providing a wide range of crypto options for users.

Cryptocurrency trading platform Coinbase Pro says it has added three new digital assets to its platform, which include BarnBridge (BOND/USD), Quant (QNT/USD), and Livepeer (LPT/USD).

As a result, users can now trade on the cryptocurrencies effective from June 24. They will be available for trading on all Coinbase platforms except in Singapore, according to the company. Trading for these assets will also be supported on Coinbase Pro.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

This is coming after Coinbase added Keep Network (KEEP), Chiliz (CHZ), and Solana (SOL) network last week.

The tokens are Ethereum-based assets

The BarnBridge (BOND) token is an Ethereum token that allows users to hedge against DeFi price volatility and yield sensitivity.

Both Livepeer and Quant are also Ethereum-based tokens. The LPT token is used to govern the decentralized video streaming network, Liverpeer. It helps to decode and transfer videos while protecting the security of the network.

On a similar note, the QNT token is utilized for the Quant protocol. It is used for linking the private and public networks. Additionally, it ensures the development of mDapps via decentralized software.

Providing more trading options for users

Users will be able to send and receive the recently listed digital assets on the platform According to the announcement, the order books will be released in three different stages – full negotiation, limit-only, and post-only.

But the exchange reserves the right to halt the book if trading of the assets does not conform with the notion of a secure and coherent market.

Coinbase is the largest crypto exchange in the United States. The digital trading platform has expanded its cryptocurrency offerings and trading pairs over the years.

Coinbase says it has announced a process of listing assets on its platform, which is designed to accelerate the addition of more crypto assets. Apart from the listing of new assets, the crypto exchange says it is investing in new tools to help people understand cryptocurrencies and to explore the world of digital currencies.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
10/10
67% of retail CFD accounts lose money