Coinbase and Robinhood Add New Altcoins to Their Platforms

Crypto platforms are still on a roll! Coinbase and Robinhood are expanding their altcoin offerings, signaling that the digital asset market is alive and kicking. But while these moves are exciting, the market's reaction has been, well, a little bit "meh."

First up, Coinbase. The platform just rolled out trading support for Mamo (MAMO), Euler (EUL), Succinct (PROVE), and Towns Protocol (TOWNS). That's four shiny new tokens for crypto lovers to trade, and the launch of MAMO and EUL is expected to kick off on or after 9 AM PT.

The largest U.S.-based exchange has been adding more and more coins lately. PROVE and TOWNS are listed under Coinbase's "Experimental Label," so they're available for trading on the website and the app. And it’s not just Coinbase, PROVE has also made its way to Binance and South Korea’s top crypto exchanges, Upbit and Bithumb.

Market data’s showing some action. MAMO rose from $0.153 to $0.188, marking a 22.88% jump (though it’s cooled down to $0.172). EUL was up 11.12%, though it’s dropped a bit, currently trading at $11.06. PROVE is doing great with a 94.12% increase since it hit the market, while TOWNS has been a bit more volatile but still hanging onto a 6.8% gain.

Robinhood Gets in the Game with BONK, PENGU, PNUT, and XLM

Meanwhile, Robinhood’s not sitting this one out. The platform added four new tokens to its Robinhood Legend platform: BONK (BONK), Pudgy Penguins (PENGU), Peanut the Squirrel (PNUT), and Stellar (XLM). Cool, right?

But here’s the kicker, the market wasn’t all that impressed. Despite the listings, all four of these tokens saw price declines. BONK dropped 3.95%, PENGU fell 2.76%, PNUT was down 1.10%, and XLM slipped 2.17%. But hey, it’s not just them, overall market sentiment is in a bit of a dip, with total market cap down 1.64% in the past day.

A Strategic Move for Both Platforms

With Coinbase adding more tokens like dYdX (COSMOSDYDX) to its roadmap, and Robinhood continuing to expand its crypto offerings, both platforms are clearly gunning for a larger slice of the crypto pie.

Whether the market will be as hyped about these additions as the platforms hope remains to be seen. But for now, it's a waiting game to see who will come out on top.

So, who’s the winner in this new altcoin war? The tokens are out there, now let’s see if the traders will bite.

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