The top US-based crypto exchange platform is adding support for a Cosmos (ATOM)-based decentralized finance (DeFi) altcoin.
In a new thread on the social media platform X, Coinbase says it is adding support for the fourth iteration of dYdX (COSMOSDYDX), a DeFi platform built on the interoperability blockchain focused mainly on crypto derivatives and perpetuals.
“dYdX is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
Data from Coinbase reveals that following the announcement, COSMOSDYDX saw a burst of price action, going from a daily low of $0.59 to a peak of $0.63 just a day later. The token has since retraced and is trading for
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