As BTC underperforms, 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 has recently made an announcement that has caught the attention of cryptocurrency enthusiasts.
Coinbase has just announced the listing of ETHFI. Following this announcement, the price of ETHFI surged by 9%, reaching a peak of $1.26. However, at the time of writing, it has dipped to $1.21. The positive news may lead to short-term price fluctuations, which are largely influenced by the performance of BTC.
Coinbase will list ETHFI on the Ethereum network, and users are advised not to send ETHFI from different networks. The listing is scheduled for February 6, and transactions will be activated in stages. For DeFi investors, it is recommended 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.
