An important announcement came today from Coinbase, the leading Bitcoin and altcoin exchange. Coinbase Pro is an advanced cryptocurrency trading platform owned and operated by Coinbase. Coinbase Pro recently announced that it will support 3 new altcoin projects. According to this announcement, the exchange will list MATIC, SKL and Sushi on its platform on March 11. Altcoin prices rose sharply following the announcement of Coinbase Pro.
Coinbase Pro lists 3 new altcoin projects! Prices skyrocketed
Coinbase Pro is Coinbase's cryptocurrency trading platform that focuses on experienced and high volume customers. Coinbase Pro made an important announcement today and announced that it will support 3 new altcoin projects. The stock exchange made the following statement on the issue through its official website:
Altcoin prices rose sharply following the announcement of Coinbase Pro. Polygon (MATIC) rose 40 percent to $ 0.296. Skale Network (SKL) rose 45 per cent to over $ 0.50. SushiSwap (SUSHI) rose more than 15 per cent to $ 20.1.
What is Polygon, Skale Network and SushiSwap?
Polygon (MATIC) is an Ethereum token that powers Polygon Network, a multi-chain scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum by using Layer 2 side chains, a Blockchain that works together with the Ethereum parent chain. Skale Network (SKL) is an Ethereum token that powers Skale, which describes itself as “an Ethereum-compliant network with a leaderless consensus designed to run on an unlimited number of independent nodes.”
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Nodes in the Skale network resource multiple decentralized elastic blockchains. SushiSwap (SUSHI) is an Ethereum token that powers Sushiswap, a decentralized cryptocurrency exchange and an automated market builder based on Ethereum. SUSHI owners can participate in community management and share their tokens to receive a portion of Sushiswap's transaction fees.