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Coinbase has added a new altcoin called CoW Protocol (COW) to its listing roadmap, according to a last-minute development. This news came as a surprise to the crypto community because COW is a token with a market cap of only about $ 20 million and is almost never listed on centralized cryptocurrency exchanges.
CoW Protocol is known as an Ethereum-based decentralized exchange (DEX) token and is quite behind the major cryptocurrencies. Although the token has a maximum supply of 1 billion, only 9% of it is in circulation. This explains the token’s low market value. Its fully diluted market value is around $ 267 million.
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Although Coinbase does not guarantee that the altcoins added to the roadmap will definitely be listed, it is known that all altcoins included in this list are eventually listed on the spot market.
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