Coinbase Shakes Up German Crypto Scene with Eight Hot New Tokens!

Germany's Crypto Enthusiasts Get a Fresh Batch of Trading Options

Coinbase just dropped a bombshell for German crypto fans, announcing they can now dive into eight sizzling new tokens. That's right, the crypto giant is bringing more heat to the market!

In a fiery announcement, Coinbase Assets declared they're now fueling the fire with trading support for these tokens. German users, get ready to jump in on Coinbase.com or through the iOS and Android apps. It's time to level up your trading game!

The lineup? We're talking Rocket Pool (RPL), Pudgy Penguins (PENGU), Renzo (REZ), Reserve Rights (RSR), Aethir (ATH), Syrup (SYRUP), Pendle (PENDLE), and Layer3 (L3). These bad boys are ready to roll!

Hold onto your hats, because Aethir's price skyrocketed over 12% right after the news hit. This decentralized physical infrastructure network's token shot up to a wild $0.052. Talk about a surge!

Rocket Pool wasn't far behind, climbing 3% to hit $4.71. Meanwhile, PENGU and REZ were just edging into the green, keeping the momentum going.

But wait, not all tokens were riding the wave. Pendle and Maple Finance's SYRUP, despite the recent hype, took a hit, dropping 1.5% and 9% respectively. Even with the good news, these altcoins couldn't keep up. PENDLE, though, is still a heavyweight, sitting pretty in the top 100 assets with over $700 million in the market.

With Coinbase throwing its weight behind these altcoins, German users are in for a treat. You can now buy, sell, and convert these assets like a pro.

And that's not all. Coinbase also has your back with token transfers and storage, all accessible through their slick U.S.-based website and mobile apps. It's crypto convenience at your fingertips!

Remember, Coinbase got the green light from Germany's bigwigs back in 2021. The German Federal Financial Supervisory Authority handed Coinbase Germany GmbH the golden ticket for trading and crypto custody. That's right, Coinbase was the first crypto exchange to snag this license in the country. They're making waves!

Fast forward to January 2025, and Coinbase made another power move, acquiring Bux, a brokerage powerhouse from Cyprus. This deal was a game-changer, letting Coinbase grab a crucial Markets in Financial Instruments Directive II, or MiFID II, license. It's all part of their plan to dominate the European market. Watch out, world, Coinbase is on the rise!