New Coinbase Listings – Kryll (KRL), LCX (LCX), and OriginTrail (Trac)

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On Tuesday, November 2nd, Kryll, LCX, and OriginTrail were listed on both Coinbase and Coinbase Pro. Generally, when new coins are listed on Coinbase, a sharp price appreciation occurs known as the ‘Coinbase effect’. In accordance with analysts at Messari, Coinbase listings maintain an average return of 91%, with distribution ranging from -32% to 645%. Perhaps more importantly, a Coinbase listing serves to drastically improve market sentiment surrounding the listed coins. To the eyes of the overall crypto market, coins listed on Coinbase are seen as ‘legitimate and trustworthy, whereas coins without a Coinbase listing are perceived as speculative and risky. 

  1. Kryll

Kryll.io is an AI-integrated platform for automated trading strategies. As a service, Kryll acts as both a trading strategy marketplace and as a custom terminal for strategy editors. On Kryll, users can either buy marketplace strategies or choose to create their own through a custom interface with free AI back-testing. All these services are funded through KRL, the platform’s native ERC-20 token.

Kryll’s trades are done through exchange API keys, and its charts are maintained through a TradingView integration. To me, the most exciting aspects of Kryll are its custom drag-and-drop editor, along with its free AI back-testing. The editor seems visual and intuitive, and it provides a whole new way to trade cryptocurrencies. Currently, the Kryll platform is available both online and as an app. 

  1. LCX

LCX, the Liechtenstein Cryptoassets Exchange, is a fully regulated blockchain ecosystem for professional investors. LCX offers a crypto custody service called the LCX Vault, a crypto trading desk called the LCX Terminal, an advanced trading platform for security tokens and other cryptoassets called LCX Exchange, and an international fiat-to-crypto exchange called Binance LCX (which is a joint venture with Binance). 

LCX brands itself as a ‘next-generation exchange’, with a focus on a tokenized and decentralized future. The platform is powered through its utility token, LCX (an ERC-20 token), which is used to fund its comprehensive services for investors. LCX aims to build the infrastructure for the new financial world and to power professional crypto finance. 

  1. OriginTrail

OriginTrail describes itself as a ‘decentralized knowledge graph’ that allows users to discover and analyze information from multiple blockchains and data sources. OriginTrail attempts to be an interoperability solution and data processing and storage network for the multi-blockchain ecosystem of today. Currently, OriginTrail is integrated with Ethereum, xDai, and Polygon, however, the project has plans to expand much further. 

TRAC is an ERC-20 token that is used to pay for data services on the OriginTrail network. As a service, OriginTrail most effectively allows for data sharing along supply chains. OriginTrail helps companies exchange data seamlessly, securely, and in a transparent way. Therefore, OriginTrail could become a new way for companies to build accountability and increase efficiency. 

Conclusion  

Coinbase is known for picking ‘legitimate’ projects. However, whether these projects are indeed legitimate is up to you. Token Metrics provides a great service to discover low-cap projects before they are listed on major exchanges. For example, Token Metrics’ KuCoin index purchased Kryll (KRL) directly before its listing and subsequent pump. 

After their Coinbase listings on Tuesday, Kryll is now up 33%, LCX is up 42%, and TRAC is up 104% (at the time of writing). To stay up to date with the most recent Coinbase listings, you can follow their blog here

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