Coinbase announces the listing of BLOCKLORDS （LRDS）, enhancing its diverse range of altcoins. The listing is part of Coinbase’s strategy to accelerate growth by diversifying its offerings.
Points
- BLOCKLORDS （LRDS） will be listed on Coinbase with the “experimental” label.
- The LRDS token is an Ethereum-based ERC-20 token.
- Trading will commence once liquidity conditions are met.
- BLOCKLORDS is already listed on Gateio, Kucoin, and MEXC.
- The listing aims to expand Coinbase’s altcoin portfolio and attract new investors.
Coinbase, the largest crypto exchange in the U.S., continues to diversify its offerings by announcing the listing of a new altcoin, BLOCKLORDS （LRDS）. This move is part of Coinbase’s ongoing strategy to accelerate growth and expand its range of cryptocurrencies.
Altcoins to be Listed
According to a recent announcement from Coinbase’s corporate account, BLOCKLORDS （LRDS） will soon be available for trading. The LRDS token is an ERC-20 token on the Ethereum network, ensuring compatibility with a wide range of decentralized applications.
“Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our LRDS-USD pair will launch in phases. LRDS support may be restricted in some supported jurisdictions.”
The contract address for BLOCKLORDS （LRDS） on the Ethereum network is 0xd0a6053f087E87a25dC60701ba6E663b1a548E85. Coinbase will add support for LRDS with the Experimental Label, indicating that the token has high volatility and risk.
Market Impact and Potential
The announcement has already generated significant interest, with the price of LRDS increasing by over 120%. After the listing announcement, the price jumped from $1.46 to $1.8. The LRDS token had its token generation event （TGE） today, marking its official launch. Prior to Coinbase’s listing, LRDS was already available on other major exchanges like Gateio, Kucoin, and MEXC, demonstrating its growing popularity.
How Will This Impact the Market?
The listing of BLOCKLORDS （LRDS） on Coinbase is expected to attract a new wave of investors, given Coinbase’s status as the largest U.S.-based crypto exchange. The experimental label signifies that while the token has high potential, it also comes with high risk, which investors should consider before trading.
Conclusion
Coinbase’s addition of BLOCKLORDS （LRDS） to its platform underscores its commitment to diversifying its cryptocurrency offerings. As the LRDS token becomes available for trading, it is likely to attract significant attention from investors, further boosting its market presence. However, due to its high volatility, potential investors should approach with caution and conduct thorough research before investing.