Coinbase, a leading US-based cryptocurrency exchange, is adding official trading support for two hot altcoins, sparking further gains.
Customers of Coinbase can now trade the security-focused decentralized finance (DeFi) cryptocurrency Threshold (T) and the decentralized music project Audius (AUDIO).
Both under-the-radar assets were added to the exchange’s listing roadmap earlier this week, resulting in massive price gains for both at the time.
The threshold is currently trading at $0.0537 and has increased by nearly 150% in the last seven days, while Audius is trading at $0.324 at the time of writing. AUDIO is up nearly 90% this week and has gained more than 11% in the last 24 hours.
Threshold’s team claims to be working on a suite of crypto services that will empower user sovereignty on the blockchain. One of its initial projects is a decentralized bridge that aims to allow Bitcoin (BTC) holders to transfer their BTC to the Ethereum (ETH) network using tBTC, a pegged version of the king cryptocurrency.
Audius is a decentralized audio file-sharing and streaming protocol. It allows for direct transactions between creators and their audiences. The AUDIO token is used in protocol governance and network security.
Last year, Coinbase created a listing roadmap to increase transparency and reduce the possibility of insiders being able to foreshadow their listing announcements.
