Prime US crypto change Coinbase has added a brand new token to its listing of altcoins which will seem on its roster of tradable digital belongings.
Asserting through Twitter, Coinbase says it’s including Hashflow Token (HFT), the native token for decentralized change (DEX) Hashflow, to its roadmap.
Hashflow is constructed on the Ethereum (ETH) community and goals for interoperability, zero slippage and miner extractable worth (MEV)-protected trades. Whereas DEXes historically depend on automated market markers (AMMs) to allow on-demand buying and selling of belongings, Hashflow makes use of a request-for-quote (RFQ) mannequin that permits for skilled market makers to handle its liquidity swimming pools.
At time of writing, HFT has but to be launched. Nevertheless, crypto change Huobi says it’ll listing HFT on November seventh.
Based on its web site, Hashflow is backed by a number of business heavyweights, together with Leap Buying and selling, Galaxy Digital, Alameda Analysis and Coinbase’s enterprise capital arm Coinbase Ventures.
Earlier this 12 months, CEO Brian Armstrong mentioned Coinbase goals to listing as many crypto belongings as doable, as lengthy they meet the corporate’s requirements.
“It’s sort of like Amazon or one thing like that the place a product might need three stars or it might need 5 stars, but when it begins to get one star constantly, it’s in all probability fraudulent or faulty or one thing and perhaps Amazon will take away it. In any other case, you wish to let the market resolve what these items are.”
Coinbase created the roadmap this 12 months to extend transparency and scale back the potential of frontrunning their itemizing bulletins.
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