tl;dr
Coinbase, the largest US-based crypto exchange, announced the addition of Ether.fi (ETHFI) and Bittensor (TAO) to its listing roadmap. ETHFI offers liquid staking and restaking solutions for Ethereum, while TAO serves as a utility token and a reward mechanism. Coinbase's decision is based on a thoro...
Coinbase, the largest US-based crypto exchange, is set to add Ether.fi (ETHFI) and Bittensor (TAO) to its listing roadmap. ETHFI provides liquid staking and restaking solutions for Ethereum, while TAO serves as a utility token and reward mechanism. Coinbase's decision follows a rigorous evaluation of legal, compliance, and technical security standards. Subsequently, the prices of ETHFI and TAO tokens surged by over 30%, reflecting the usual response to listing announcements on major exchanges such as Coinbase and Binance. This surge anticipates increased liquidity and accessibility, leading to price appreciation and reduced volatility.
Traders responded to Coinbase's announcement with enthusiasm, with the prices of ETHFI and TAO soaring by over 30% each before profit booking took place. Such reactions are commonplace following listing announcements on prominent crypto exchanges, driven by the "buy-the-rumor, sell-the-event" phenomenon and the expectation of enhanced liquidity. Notably, Binance and Coinbase, as the largest exchanges in terms of trading volume and liquidity, facilitate easier trading and contribute to price appreciation, reduced volatility, and heightened accessibility for traders.
Considering the best crypto platforms in Europe as of February 2025, options like Wirex, YouHodler, eToro, Phemex, and BingX stand out. These platforms offer diverse features, but investors should approach crypto investments with risk awareness, given the high-risk nature of these investments.