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According to the latest development, cryptocurrency exchange Coinbase is listing the BLAST altcoin.
The listing in question took place after Blast (BLAST) distributed an airdrop today. Deposits of the token will occur through its own Blast network, as it has a layer-2 network. Deposits made through Ethereum or other networks may result in users' tokens being lost forever.
According to the official statement, trading will start today after liquidity conditions are met.
However, the exchange announced in its statement that it will use the “experimental label” when listing BLAST tokens. This tag is used by Coinbase, especially when listing tokens with expected high volatility.
The token released today has a market value of approximately $387 million at the time of writing. The token is not yet listed on Binance, the world's largest cryptocurrency exchange.
*This is not investment advice.