A New DeFi Trading Altcoin Surges After Coinbase Support
A new decentralized finance (DeFi) trading altcoin is making waves in the crypto market after receiving backing from a leading US-based exchange platform. Coinbase, a top crypto exchange by volume, recently announced its support for the DeFi token Definitive Finance (EDGE), causing a significant surge in its value.
Coinbase Adds EDGE with Experimental Label
According to a recent post on X, Coinbase has included Definitive Finance (EDGE) in its range of digital assets, labeling it as an experimental asset. This designation indicates that EDGE may have higher volatility and lower trading volume compared to other assets offered by the exchange.
Price Soars After Coinbase Announcement
Following the news of Coinbase’s support, the value of EDGE skyrocketed. The token saw a remarkable increase from a low of $0.0274 on April 2nd to a peak of $0.1157 just hours after the announcement. While the price has since retraced to $0.086 at the time of writing, EDGE has experienced an impressive gain of nearly 180% in the last 24 hours.
Definitive Finance’s Unique Approach
Definitive Finance aims to provide users with a decentralized trading experience that mirrors centralized exchanges like Coinbase and Binance. The platform, which operates on Solana, Base, and other major EVM chains, offers a non-custodial solution for seamless trade execution.
“Definitive is the future of onchain trade execution. We deliver a CeFi-like experience on DeFi rails via a fully non-custodial platform and API that is live across multiple chains. With Definitive, users of all sizes can access institutional-grade execution in the decentralized space,” stated a representative from the project.
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Conclusion
As Definitive Finance gains support from Coinbase and continues to attract investors, the DeFi token EDGE demonstrates its potential for growth and innovation in the decentralized trading space. Keep an eye on this emerging altcoin as it navigates the dynamic crypto market.