Coinbase Launches Five Ethereum-Based Altcoins Across The Crypto Trading Ecosystem

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US-based digital asset exchange Coinbase is expanding support for five Ethereum-based altcoins across its trading ecosystem.

In a new blog post, Coinbase announces that Alchemix (ALCX), the governance token of the collateral-backed lending platform Alchemix Finance, can now be purchased on Coinbase.com and on the exchange’s mobile apps .

ALCX is trading at $ 441.61 at the time of writing, down 3.18% on the day.

ENS is a governance token for Ethereum Name Service, which allows users to create non-fungible (NFT) tokens that can be linked to Ethereum addresses and web domains.

Currently, ENS is trading at $ 48.82. It is down 8.71% on the day and more than 50% from the all-time high of $ 88.64 it reached last week after being listed on Binance.

Additionally, Coinbase is expanding support for GALA, the native token of the player-controlled blockchain gaming platform Gala Games. Altcoin has jumped more than 100%, from a low of $ 0.089 on November 15 to its current price of $ 0.20.

GYEN is an Ethereum-powered stablecoin pegged to the Japanese Yen. Although GYEN is designed to stay pegged to the Japanese Yen, it managed to rally 470% at $ 0.05 following the listing on Coinbase.

Finally, the native POWR token from peer-to-peer energy trading firm Power Ledger is now available on all Coinbase trading platforms. At the time of writing, altcoin is down 2.07% to $ 0.70.

Coinbase Pro listed all tokens except GYEN, as well as the mStable USD (MUSD) stablecoin, earlier this week.

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Featured Image: Shutterstock / lucky vectorstudio / Vladimir Sazonov

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