Coinbase has made a significant expansion to its offering by allowing eligible users access to 11 altcoins. This move has sparked a rally in some of the affected cryptocurrencies, reflecting the overall bullish sentiment in the market.
The popular cryptocurrency exchange, Coinbase, announced that a select group of users would now be able to trade nearly a dozen digital assets. These include Voxies (VOXEL), Celestia (TIA), Hivemapper (HONEY), Velo (VELO), and more.
It is important to note that this service is currently only available to residents of Germany, and users must update their mobile application to access these new altcoins.
The announcement from Coinbase was met with excitement, and various cryptocurrencies experienced a surge in price shortly after. This trend has been observed in previous similar announcements.
As reported by CryptoPotato, the prices of Render (RNDR) and Hivemapper (HONEY) saw substantial increases after being added to Coinbase’s “roadmap” section.
The recent surge in VOXEL, TIA, and other digital currencies included in Coinbase’s offering coincides with a broader market upswing. Bitcoin (BTC) recently reached a new all-time high of over $73,500, Ethereum (ETH) surpassed $4,000 once again, and Binance Coin (BNB) is approaching the $600 level.
The global cryptocurrency market cap is also on the rise, currently standing at around $2.9 trillion, inching closer to a new peak, according to CoinGecko’s data.