The price of Bitcoin sits around $66,200, holding firm at the $65,000 support level despite recent downturns. Investors are eyeing the return of assets to MtGox creditors as a stabilizing factor. Meanwhile, Coinbase, the leading U.S. crypto exchange, has announced the listing of a new token, BLOCKLORDS (LRDS), on its platform.
What Altcoins Will Be Listed?
Coinbase’s latest announcement from its corporate account reveals that BLOCKLORDS (LRDS) will soon be available for trading. As the largest crypto exchange in the U.S., Coinbase has been diversifying its offerings since late 2021 to accelerate growth. The new listing is part of this strategy.
According to the official statement, BLOCKLORDS (LRDS) will be supported on the Ethereum network as an ERC-20 token. Users are advised not to transfer it over other networks to avoid loss of funds. Trading is set to commence once liquidity requirements are satisfied, with the LRDS-USD pair launching in phases. However, support may be limited in certain jurisdictions.
How Will This Impact the Market?
The contract address for BLOCKLORDS (LRDS) on the Ethereum network is 0xd0a6053f087E87a25dC60701ba6E663b1a548E85. Coinbase will list LRDS under its Experimental Label, indicating cautious optimism about its potential.
Key Insights for Investors
Investors should consider the following:
- BLOCKLORDS (LRDS) is an ERC-20 token on the Ethereum network.
- Ensure not to send LRDS over non-supported networks to avoid fund losses.
- Trading of LRDS-USD will start in phases based on liquidity.
- Market support for LRDS may vary by region.
Today, the announcement led to a price surge for the altcoin, jumping over 120% from $1.46 to $1.8. This reflects significant market interest and potential growth.