{"id":34374,"date":"2022-11-07T05:00:11","date_gmt":"2022-11-07T05:00:11","guid":{"rendered":"http:\/\/egrowonline.com\/?p=34374"},"modified":"2022-11-07T05:00:11","modified_gmt":"2022-11-07T05:00:11","slug":"new-ethereum-based-altcoin-set-for-imminent-launch-earns-big-boost-from-coinbase","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=34374","title":{"rendered":"New Ethereum-Based Altcoin Set for Imminent Launch Earns Big Boost From Coinbase"},"content":{"rendered":"


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Top US crypto exchange Coinbase has added a new token to its list of altcoins that may appear on its roster of tradable digital assets.<\/p>\n

Announcing via Twitter, Coinbase says<\/a> it\u2019s adding Hashflow Token (HFT), the native token for decentralized exchange (DEX) Hashflow, to its roadmap.<\/p>\n

Hashflow is built on the Ethereum (ETH<\/a>) network and aims for interoperability, zero slippage and miner extractable value (MEV)-protected trades. While DEXes traditionally rely on automated market markers (AMMs) to enable on-demand trading of assets, Hashflow uses a request-for-quote (RFQ) model that allows for professional market makers to manage its liquidity pools.<\/p>\n

At time of writing, HFT has yet to be launched. However, crypto exchange Huobi says<\/a> it will list HFT on November 7th.<\/p>\n

According to its website, Hashflow is backed by multiple industry heavyweights, including Jump Trading, Galaxy Digital, Alameda Research and Coinbase\u2019s venture capital arm Coinbase Ventures.<\/p>\n

Earlier this year, CEO Brian Armstrong said<\/a> Coinbase aims to list as many crypto assets as possible, as long they meet the company\u2019s standards.<\/p>\n

\u201cIt\u2019s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it\u2019s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are.\u201d<\/em><\/p>\n

Coinbase\u00a0created<\/a>\u00a0the roadmap this year to increase transparency and reduce the possibility of frontrunning their listing announcements.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/vovidzha<\/span><\/em><\/p>\n<\/p><\/div>\n


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Top US crypto exchange Coinbase has added a new token to its list of altcoins that may appear on its roster of tradable digital assets. Announcing via Twitter, Coinbase says it\u2019s adding Hashflow Token (HFT), the native token for decentralized exchange (DEX) Hashflow, to its roadmap. Hashflow is built on the Ethereum (ETH) network and […]<\/p>\n","protected":false},"author":1,"featured_media":34375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[349,70,1107,315,4548,245,6629,171,423],"class_list":["post-34374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoin","tag-big","tag-boost","tag-coinbase","tag-earns","tag-ethereumbased","tag-imminent","tag-launch","tag-set"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/coinbase-unveils-strategy.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34374"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34374\/revisions"}],"predecessor-version":[{"id":34376,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34374\/revisions\/34376"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/34375"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34374"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}