High US crypto trade Coinbase has added a brand new token to its listing of altcoins that will seem on its roster of tradable digital property.
Asserting by way of Twitter, Coinbase says it’s including Hashflow Token (HFT), the native token for decentralized trade (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 property, 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 trade Huobi says it’s going to listing HFT on November seventh.
In accordance with its web site, Hashflow is backed by a number of business 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 said Coinbase goals to listing as many crypto property as attainable, as lengthy they meet the corporate’s requirements.
“It’s form 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 wish to let the market resolve what this stuff are.”
Coinbase created the roadmap this 12 months to extend transparency and scale back the potential for frontrunning their itemizing bulletins.
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