Major US cryptocurrency exchange Coinbase has added a new token to its list of altcoins that may appear on its list of tradable digital assets.
Announcement via Twitter, Coinbase He says is adding Hashflow Token (HFT), the native token for decentralized exchange (DEX) Hashflow, to its roadmap.
Hashflow is based on Ethereum (ETH) and aims for interoperability, zero slippage, and miner extractable value (MEV) protected transactions. While DEXs traditionally rely on automated market markers (AMMs) to enable on-demand asset trading, Hashflow uses a request for quotation (RFQ) model that allows professional market makers to manage their liquidity pools.
At the time of writing, HFT has yet to be released. However, the crypto exchange Huobi He says will include HFT on November 7.
According to its website, Hashflow is backed by several industry heavyweights, including Jump Trading, Galaxy Digital, Alameda Research, and Coinbase’s venture capital arm Coinbase Ventures.
Earlier this year, CEO Brian Armstrong said Coinbase aims to list as many crypto assets as possible, as long as they meet company standards.
“It’s like Amazon or something, where a product might have three stars or five stars, but if it starts getting one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will take it down. Otherwise, you want to let the market decide what these things are.”
base of coins created this year’s roadmap to increase transparency and reduce the possibility of preempting its listing announcements.
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions 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 cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
Featured Image: Shutterstock/vovidzha