Coinbase, a prominent US-based cryptocurrency exchange, has announced that it is adding a new altcoin called Safe to its platform. Safe, which focuses on security, has been labeled as an “experimental asset” on Coinbase. This means that the token carries certain risks, such as price volatility and limited trading volume.
Coinbase users can now buy, sell, convert, send, receive, and store Safe on the platform. The token is available on both the Coinbase website and the iOS and Android apps.
In addition to Coinbase, Safe will also be listed on other major exchanges. Bitrue, a cryptocurrency trading platform based in Singapore, will start trading Safe on April 25th. The trading pair will be SAFE/USDT, and users can deposit, trade, and withdraw Safe tokens according to the specified timeline.
MEXC, a Seychelles-based exchange, will also list Safe in its “Innovation Zone” and open trading for the SAFE/USDT pair. Deposits will be opened on April 25th, and trading will begin on the same day.
At the time of writing, the price of Safe is $1.90, showing a decrease of 13.5% in the last 24 hours. Safe, formerly known as Gnosis Safe, is the governance token for the Safe Protocol, a decentralized finance custodian. The protocol aims to enable Ethereum accounts to be used for various purposes, including artificial intelligence, staking, gaming, payments, and easier logins.
Richard Meissner, co-founder of Safe, believes that governance and consensus are essential for the sustainable growth of the ecosystem. The Safe token represents the ecosystem and allows new participants to join, providing security for various services and modules.
With the addition of Safe on Coinbase and other exchanges, the project can now implement its plans for the future. Subscribers can stay updated on the latest news and price action by subscribing to email alerts or following The Daily Hodl on Twitter, Facebook, and Telegram. Remember to exercise caution and do thorough research before making any investment decisions in cryptocurrencies or digital assets.
