Summary
TLDR: Coinbase will list Shadow Token (SHDW) on its exchange starting April 10, 2024, for trading in SHDW-USD pairs. Users must be cautious and only send SHDW over the Solana network. SHDW is labeled as “experimental” due to potential price fluctuations and low liquidity. Coinbase’s decision to list SHDW reflects its efforts to expand its cryptocurrency portfolio, but some community members have concerns about supporting altcoins with low market capitalization.
Key Points
1. Coinbase will list Shadow Token (SHDW), a Solana network asset, on its crypto exchange starting from April 10, 2024, at approximately 12:00 ET, subject to liquidity conditions being met.
2. Coinbase will roll out trading for SHDW-USD pairs in phases once a sufficient supply of the asset is secured, cautioning users not to send SHDW over networks other than Solana to avoid potential loss of funds.
3. Coinbase has designated SHDW with an “experimental label” due to its newness on the platform and relatively low trading volumes, advising users to be aware of the risks and exercise caution when engaging in SHDW transactions.