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Coinbase Custody Adds Support for Nine Altcoins as Crypto Markets Crash

Coinbase continues to expand its crypto footprint by expanding custodial service support to a variety of altcoins.
In a new announcement, the US-based cryptocurrency exchange says it is launching nine cryptocurrencies to their list of 200+ assets that are part of the Coinbase Custody Cold Storage Trust.

Coinbase Custody now supports deposits and withdrawals for $ERN, $TTT, $DPX, $SNT, $NCT, $SURE, $RFOX, $ALICE, and $AERGO.

details here?

— Coinbase Assets (@CoinbaseAssets) May 10, 2022

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Coinbase Custody is a depository service for institutional investors with a lot of money. It is chartered in New York State and aims to provide customers with a highly secure way to store large amounts of cryptocurrency.

Coinbase’s first nod is Etherity Chain (ERN), a sports-based marketplace for non-fungible tokens (NFT), supported by a number of top athletes such as Lionel Messi and Shaquille O’Neal.

Eternity Chain is currently down almost 20% and is valued at $1.65. ERN is down 50% since Monday when the altcoin was trading at $3.33.

Next comes The Transfer Token (TTT), a Ethereum-based digital asset created by Japanese financial technology (FinTech) company Atom Solutions. Users can redeem the TTT token on their Eternal Wallet borrow.

The Transfer Token is 4.5% cheaper, changing hands for $3.52.

Also joining Coinbase’s cold wallet list is Dopex (DPX), a decentralized options exchange that aims to maximize liquidity while preventing investor losses.

At the time of writing, Dopex has lost almost 30% of its market valuation and is trading at $456.70. DPX traded for almost $950 on May 5th.

Status Network (SNT) offers users a secure messaging app, crypto wallet and Web3 browser over an open source peer-to-peer protocol and end-to-end encryption.

Currently, Status Network is down almost 20% and it is trading at $0.030. Last Thursday, SNT was trading at $0.053.

Also added to the Coinbase Custody list was threat detection and anti-malware project Polyswarm (NCT), whose native token NCT rewards users who help gather cybersecurity data and insights.

Mirroring the rest of the crypto markets, Polyswarm is down 16.38% to $0.017 today.

Next comes inSure DeFi (SURE), an insurance ecosystem for the Blockchain-Section that helps protect users of decentralized finance, NFT, and Metaverse gaming.

At the time of writing, inSure DeFi is down 11.46% at $0.00402.

Also joining Coinbase’s cold wallet list is RedFOX Labs (RFOX), a Metaverse-focused project that aims to enable immersive gaming experiences across multiple blockchains.

RedFOX Labs is down 17.61% with a market price of $0.016. RFOX is down 50% for a week.

My Neighbor Alice (ALICE) is a non-fungible token (NFT) play-to-earn video game in which players invest in digital islands by staking tokens. Players can then upgrade and build on their islands and explore them to find new collectibles.

My Neighbor Alice is also down 18.67% and is trading at $2.31. Just two days ago, ALICE was valued at over $4.

Last on the list is the open-source hybrid blockchain Aergo (AERGO), designed to support developers of decentralized applications.

Aergo is 25% cheaper and costs $0.106. The altcoin traded at the $0.02 level until it started to slide on May 7th.
Check the price action

Source: Crypto News Deutsch

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