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Coinbase Launching Retail Support For Altcoin, DESO

The leading US-based crypto exchange, Coinbase is launching support for a new crypto altcoin in all its retail trading applications.

Furthermore, Coinbase confirms adding Decentralize Social (DESO) to Coinbase.com, and also on the platform’s iOS and Android apps.

Notably, Coinbase includes DESO earlier this week to its professional trading platform, Coinbase Pro.

Of course, this support from Coinbase results in the 74% spike in the price of the altcoin in just two days, from $94.12 to $164.20.

More so, Decentralized Social boasts as a layer 1 blockchain that allows developers to easily create fast and proprietary social media apps.

Notably, DESO is the platform’s native asset and is for paying the purchase of social tokens, non-fungible tokens (NFTs). More so, it’s for creating profiles and posts on decentralize apps.

Additionally, Nader Al-Naji, who was responsible for the launch of the social media platform BitClout, also created this platform.

Furthermore, it has over $200 million from venture firms such as billionaire Chamath Palihapitiya’s Social Capital.

Lastly, DESO now part of the manyblist of altcoins on Coinbase this year. Which of course, includes the recent additions of API3 (API3), Bluezelle (BLZ). Then, Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT). Also, Ribbon Finance (RBN) and Circuits of Value (COVAL).

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.