As BTC’s performance weakens, the situation for altcoins worsens, leaving traders hopeful for a recovery. In this challenging environment, exchanges are still operating and striving to expand their offerings. One notable player in this space is Coinbase, which recently made an announcement that has caught the attention of cryptocurrency enthusiasts.
Coinbase has just announced the listing of ETHFI. Following the announcement, the price surged by 9%, reaching a peak of $1.26. Although it has dipped to $1.21 at the time of writing, the positive news may lead to short-term price fluctuations, largely influenced by BTC’s performance.
Coinbase will list ETHFI on the Ethereum network, with a current price of $2,750. Users are advised not to send ETHFI from different networks. The listing is scheduled for February 6, and transactions will be activated in stages. It is recommended, especially for DeFi investors, to verify the contract number 0xFe0c30065B384F05761f15d0CC899D4F9F9Cc0eB to avoid fake tokens.
Currently, BTC is priced at $98,000 and continues to experience a 1% decline today.
