Coinbase, the largest crypto exchange in the US, has announced the potential future listing of an altcoin within the Bitcoin (BTC) scaling ecosystem.
The exchange announced that Core (CORE) is now on its listing roadmap, meaning the exchange will possibly list it for trading in the future.
Core is designed to be a hyper-scalable complimentary smart contract platform to Bitcoin.
Core’s ecosystem consists of several major components, including its Satoshi Plus consensus mechanism, its non-custodial staking and its native version of wrapped Bitcoin.
CORE currently has a market cap of $1.96 billion and a fully diluted valuation of $4.64 billion.
Crypto analyst Altcoin Sherpa says that CORE is one of his altcoin bets for the Bitcoin ecosystem looking ahead to the next big rally.
“CORE: temporary bottom looks in but would wait for a solid break of $2 before entering. One of my bets for BTC ecosystem plays this cycle, I think this goes to $2.50+ in the mid-term as long as BTC is stable”
Coinbase created its listing roadmap in 2022 to increase transparency and reduce the possibility of investors front-running new trading support announcements.
At time of writing, CORE is trading at $2.23.
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