Prime US crypto change Coinbase has added a brand new token to its record of altcoins that will seem on its roster of tradable digital belongings.
Saying by way of Twitter, Coinbase says it’s including Hashflow Token (HFT), the native token for decentralized change (DEX) Hashflow, to its roadmap.
Hashflow is constructed on the Ethereum (ETH) community and goals for interoperability, zero slippage and miner extractable worth (MEV)-protected trades. Whereas DEXes historically depend on automated market markers (AMMs) to allow on-demand buying and selling of belongings, Hashflow makes use of a request-for-quote (RFQ) mannequin that permits for skilled market makers to handle its liquidity swimming pools.
At time of writing, HFT has but to be launched. Nonetheless, crypto change Huobi says it’ll record HFT on November seventh.
In keeping with its web site, Hashflow is backed by a number of trade heavyweights, together with Bounce Buying and selling, Galaxy Digital, Alameda Analysis and Coinbase’s enterprise capital arm Coinbase Ventures.
Earlier this 12 months, CEO Brian Armstrong stated Coinbase goals to record as many crypto belongings as potential, as lengthy they meet the corporate’s requirements.
“It’s sort of like Amazon or one thing like that the place a product may need three stars or it may need 5 stars, but when it begins to get one star constantly, it’s most likely fraudulent or faulty or one thing and perhaps Amazon will take away it. In any other case, you need to let the market resolve what this stuff are.”
Coinbase created the roadmap this 12 months to extend transparency and cut back the potential for frontrunning their itemizing bulletins.
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