Coinbase Listed Anoma (XAN) Altcoin, Pay Attention

Coinbase, one of the world's largest US-based cryptocurrency exchanges, announced that it has listed a new altcoin called Anoma (XAN) on its platform. However, this altcoin comes with an ‘experimental’ label. Users will be able to perform XAN transfers via the Coinbase website, Coinbase iOS and Android applications, and Coinbase Advanced. In addition, institutional investors will have direct access to the XAN asset via Coinbase Exchange.

Coinbase stated that the XAN-USD trading pair will be gradually opened for trading once liquidity conditions are met. With this announcement, users will be able to trade the XAN-USD trading pair when sufficient liquidity is provided. However, trading has not fully commenced yet; the necessary liquidity conditions are expected to be met for this process to continue.

As announced by Coinbase, the ‘experimental’ label has been added to the Anoma (XAN) asset. This label means that users should be more cautious when trading with this asset. It is emphasized that users should be aware of potential risks when investing in assets bearing the ‘experimental’ label. Currently, it is important to note that such assets can be more volatile and carry greater risk.

According to CoinGecko data, XAN lost approximately 38.5% of its value within the last 24 hours since its launch and is currently trading at $0.1679. This rapid depreciation constitutes a significant risk factor that investors should pay attention to. At this point, it is crucial for investors to closely monitor developments related to XAN and market conditions.