Coinbase is broadening its crypto trading services in Germany by introducing three new tokens: BLAST, ZRO, and CORECHAIN.
This expansion addresses the recent volatility in the crypto markets, which has been partly driven by the German government’s BTC sell-off. By adding these tokens, Coinbase seeks to provide more trading options and boost investor sentiment in the region.
Coinbase Adds New Tokens in Germany Amid Market Pressure
Coinbase, a leading cryptocurrency exchange, is expanding its services for German residents by adding three new tokens: BLAST, ZRO, and CORECHAIN. The announcement, made via an X post by Coinbase Assets, confirms that these tokens are now available to users in Germany.
Coinbase Post | Source: X
Coinbase advised users to refresh their applications to access the new tokens, which can be traded through the Coinbase, Coinbase iOS, and Android apps. With this update, clients can now buy, sell, convert, send, receive, or store BLAST, ZRO, and CORECHAIN directly from their accounts.
Germany’s crypto markets are currently under pressure due to the German government’s aggressive Bitcoin sell-off. Recently, the government sold approximately $1 billion in Bitcoin, significantly impacting the market. Although a recent repurchase of $305 million in BTC helped the cryptocurrency recover from notable lows, Bitcoin is still trading around the $59,000 mark.
Coinbase Adds New Tokens Amid German Market Volatility
Coinbase’s latest move is designed to stabilize the crypto market amid the effects of Germany’s aggressive Bitcoin sell-off. By offering new trading opportunities to German customers, Coinbase aims to counter the market volatility and improve investor sentiment.
BLAST is the native token of Blast, an Ethereum Layer 2 solution. As of now, BLAST is trading at $0.01533, showing a slight decline of 0.34% over the past day. The token has faced more significant drops, with 19.29% and 26.81% declines over the last 7 days and 30 days, respectively.
ZRO is the native governance token of LayerZero, an omnichain interoperability protocol. Currently trading at $3.99, ZRO has seen an increase of more than 5% over the last day. Despite a recent weekly surge of 0.6%, the token has experienced a slight dip of 2.12% over the past month.
CORECHAIN is the utility and governance token for Core Chain, a Bitcoin-powered, EVM-compatible Layer 1 blockchain. The token is trading around $1.13, with a 24-hour trading volume of $75 million.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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