Coinbase Expands Services in Germany
Coinbase, one of the largest cryptocurrency exchanges in the world, is significantly expanding its services in Germany by adding three new tokens — BLAST, ZRO, and CORECHAIN. These cryptocurrencies are now available for trading, storage, conversion, and transfer for all users in Germany.
What do the new tokens represent?
BLAST: It is the native token of the Blast protocol, which operates on the Ethereum blockchain. Blast is a layer two protocol aimed at improving network scalability and efficiency. Currently, the price of the BLAST token is around $0.01533.
ZRO: The protocol management token of LayerZero, used to facilitate cross-chain interaction in the blockchain. LayerZero enables different blockchains to interact with each other without the need for complex bridges. The ZRO token has increased by 5% in the last 24 hours and is trading at around $3.99.
CORECHAIN: The blockchain management token of Core Chain, which is a layer one blockchain with a focus on performance and decentralization. The digital asset CORECHAIN currently has a price of around $1.13.
According to Coinbase’s official announcement, residents of Germany can start using the new assets after updating their app. The inclusion of BLAST, ZRO, and CORECHAIN on the exchange’s listing will provide local users with new opportunities to work with cryptocurrencies and participate in various investment strategies.
Amid recent events in the cryptocurrency space in Germany, where the country’s government actively sold bitcoins worth about $1 billion, the market is under significant pressure. Experts believe that Coinbase’s service expansion could play a key role in stabilizing the situation and restoring trust among German crypto investors.
This move by Coinbase is aimed at strengthening the exchange’s position in the European market and providing German users with new opportunities to work with a variety of cryptocurrencies, which in turn could have a positive impact on the overall sentiment in the German crypto community.