The main US-based cryptocurrency alternate, Coinbase, and South Korea’s outstanding alternate Upbit have introduced the addition of recent altcoins to their buying and selling platforms.
The listings embody assist for Flock (FLOCK) on each exchanges, with Coinbase additionally introducing SPX6900 (SPX). These strikes have triggered vital value surges. Furthermore, the previous peaked at a brand new file excessive in early Asian buying and selling hours immediately.
Coinbase and Upbit Announce New Altcoin Listings
In an official X (previously Twitter), Coinbase confirmed that it’s going to record each altcoins. Buying and selling is scheduled to start on or after 9:00 AM Pacific Time (PT) on September 9. The rollout will solely proceed as soon as there may be an enough token provide.
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“Coinbase will add support for SPX6900 (SPX) on the Ethereum network (ERC-20 Token) and Flock (FLOCK) on the Base network. Do not send these assets over other networks or your funds may be lost,” the announcement learn.
Furthermore, buying and selling for the SPX-USD and FLOCK-USD pairs shall be launched in phases. The alternate additionally clarified that the provision of those belongings might fluctuate by area, as some jurisdictions will face restrictions.
In the meantime, FLOCK noticed a extra pronounced uptick. The altcoin climbed from $0.26 to $0.30, a 15.38% rise, reflecting early market enthusiasm. These actions align with the so-called ‘Coinbase Effect,’ the place listings on the platform usually result in fast value boosts attributable to elevated visibility and perceived legitimacy.
FLOCK and SPX Worth Efficiency. Supply: TradingView
“Please make sure to check the correct network before making any deposits of digital assets. Deposits or withdrawals made through networks other than the ones indicated are not supported,” Upbit wrote.
Buying and selling started at 12 PM Korean Normal Time (KST) and despatched FLOCK hovering. The altcoin’s value surged from $0.31 to $0.99, a 219.35% enhance, with the latter marking a brand new all-time excessive (ATH).
On the time of writing, the worth adjusted to $0.50, marking an appreciation of 84.37%. As well as, FLOCK’s every day buying and selling quantity soared. It reached $197 million, a 2,051.30% enhance from the day past.
Bithumb and Upbit accounted for many of this exercise, with shares of 23.2% and 22.9%, respectively, highlighting the exchanges’ vital affect on the token’s liquidity.
The back-to-back listings spotlight how regional alternate assist can amplify world market momentum. Coinbase’s model energy and Upbit’s dominance mixed to propel FLOCK into the highlight, with volatility and buying and selling exercise anticipated to stay elevated as liquidity deepens.
