Coinbase has recently made those in the cryptocurrency industry happy when the reputable exchange announced that the Arbitrum-based stablecoin issuer and decentralized finance (DeFi) developer Sperax (SPA) and the Ethereum (ETH)-based altcoin Multichain (MULTI) have been added to their listing roadmap. This means that Coinbase is considering adding support for the two tokens on their platform.

The news of the two tokens being added to Coinbase's listing roadmap resulted in a massive spike in their prices. MULTI launched from its 24-hour low of $10.70 to $12.05 in only a few hours following the news, equating to a 12.6% increase in its price. Meanwhile, the SPA token jumped from its previous low of $0.0054 to $0.00782, signifying an impressive increase of 69%. Meaningful dips in price came shortly after, though a significant 24-hour increase of 46.2% still remains.

Coinbase is widely known for its commitment to transparency in its listing processes and for preventing insider trading. This is why they have created their roadmap system, to inform their users of the tokens they are planning to add.

Sperax stands out for creating the first-ever auto-yielding stablecoin. Messari notes that this coin is a combination of both algorithmic stablecoins, offering scalability benefits, with collateralized stablecoins, providing support and stability. On the other hand, Multichain is an efficient platform that allows users to bridge tokens across various blockchains. As of now, it already supports 74 different chains.



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