- Coinbase expands its crypto trading services in Germany with three token launches- BLAST, ZRO, and CORECHAIN.
- The exchange envisions tackling the unstable crypto markets driven by the German government’s BTC sell-off.
- With the new tokens, Coinbase aims to provide new trading options, boosting investor sentiment.
Coinbase, a leading cryptocurrency exchange, is broadening its services for German residents with the addition of three new tokens: BLAST, ZRO, and CORECHAIN.
An X post by Coinbase Assets revealed the platform’s strategic development, announcing, “BLAST, ZRO and CORECHAIN are now available to Germany residents.”
Detailing the new tokens’ trading capabilities, Coinbase directed users to refresh their applications for access. To utilize the services, users can employ the Coinbase, Coinbase iOS, and Android applications. With the new listing, clients can log in to their accounts to buy, sell, convert, send, receive, or store BLAST, ZRO, and CORECHAIN.
Germany’s crypto markets are facing pressure due to the German government’s aggressive Bitcoin sell-off. Over the past few days, the government has sold about $1 billion in Bitcoin, significantly impacting the crypto market. Though the government’s recent buy-back of $305 million in BTC helped BTC recover from notable lows, the cryptocurrency is still hovering around the $59K mark.
Coinbase’s latest move aims to stabilize the crypto market from the impacts of Germany’s selling frenzy. By offering new trading opportunities to German customers, Coinbase seeks to counter the market buzz and boost investor sentiment.
BLAST is the native token of Blast, an Ethereum Layer 2 solution. At press time, BLAST is trading at $0.01533, with a slight decline of 0.34% in a day. However, the token has experienced notable dips of 19.29% and 26.81% over the last 7 days and 30 days, respectively.
LayerZero is an omnichain interoperability protocol with ZRO as its native governance token. The ZRO token is trading at $3.99, showing an uptick of more than 5% over the last day. However, the token has seen a slight dip of 2.12% in a month despite a marginal weekly surge of 0.6%.
Core Chain is a Bitcoin-powered, EVM-compatible layer one blockchain; CORECHAIN is the utility and governance token of the network. Currently, the token is trading around $1.13, with a 24-hour trading volume of $75 million.
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