Coinbase Announces New Listing for Ethereum-based Platform

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.

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Crypto Expert Predicts Explosive Rallies for Bitcoin, Meme Coins, and Select Altcoins

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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.