Coinbase Lists Algorand (ALEO) with Experimental Label
CryptoNewsTerminal Staff18 Sep, 2024
Coinbase Lists Algorand (ALEO) with Experimental Label
Coinbase, the leading cryptocurrency exchange, has announced that it will be listing Algorand (ALEO) for trading. Trading is scheduled to begin on or after today, if liquidity conditions are met, with ALEO trading against the US dollar and Euro. ALEO will be listed with the Experimental label, indicating that it is a new and untested asset. Algorand is a proof-of-stake blockchain that was founded in 2017 by Silvio Micali, a cryptography professor at MIT. The project has raised over \$200 million in funding from investors such as Peter Thiel and Union Square Ventures. Coinbase's decision to list Algorand is a significant development for the project. Coinbase is one of the most popular cryptocurrency exchanges in the world, and its listing of ALEO will make it easier for investors to buy and sell the asset.
