coinbase expands Crypto Trading in Germany
Coinbase has expanded its service in Germany, introducing eight new crypto tokens for trading. This exciting news opens up new opportunities for German users looking to diversify their portfolios.
German investors can now trade Rocket Pool (RPL), Pudgy Penguins (PENGU), renzo (REZ), Reserve Rights (RSR), Aethir (ATH), Syrup (SYRUP), Pendle (PENDLE), and Layer3 (L3). The tokens are available on Coinbase’s website and through its mobile apps.
The announcement has already impacted the market. Aethir’s price surged over 12% to $0.052. Meanwhile, Rocket Pool saw a 3% increase. But not all tokens reacted positively. Syrup and Pendle dropped by 9% and 1.5%, respectively.
Coinbase assures users that they can easily buy, sell, and store these new altcoins. The exchange received a key license in 2021 from the German Federal Financial Supervisory Authority. This made coinbase the first crypto exchange to get such approval in the country.
Earlier this year, Coinbase acquired Bux, gaining access to a crucial license for European expansion. This decision reflects Coinbase’s commitment to serving the European market.
