Coinbase Announces New Listing for Ethereum-based Platform
08.11.2024 8:30 1 min. read Alexander Stefanov
Coinbase continues to expand its offerings, adding many new altcoins to their spot and futures trading platforms.
Coinbase has officially announced the addition of Swell (SWELL) support on the Ethereum network (ERC-20), making it available for transfers on Coinbase. Users are advised to avoid sending SWELL over other networks to prevent potential loss of funds.
Swell Network is making strides in the Ethereum ecosystem with its advanced platform for liquid staking. Designed for stakers, node operators, and the broader Ethereum community, Swell allows users to stake ETH and receive swETH tokens.
These tokens not only represent the staked ETH but also generate yield rewards across the decentralized finance (DeFi) space. The network’s innovative L2 Proof of Restake mechanism strengthens security, enhances liquidity, and improves asset utilization, positioning Swell as a strong contender for ETH stakers.
With a total value locked (TVL) of $1.28 billion, Swell’s growing market presence reflects its increasing appeal and potential in the crypto space.
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