Coinbase Adds APR and MET Amidst Market Scrutiny

Coinbase, a major cryptocurrency exchange, has listed two new altcoins, aPriori (APR) and Meteora (MET), expanding its trading options. The move reflects Coinbase's commitment to offering a diverse range of crypto assets.

However, the listing of MET coincides with increased scrutiny following its recent airdrop and a lawsuit involving the project's founder, adding a layer of complexity to the new addition.

Key Details

• Trading for APR and MET began on October 23.
• Both tokens are available on Coinbase.com, the mobile app, and Coinbase Advanced.
• Institutional investors can access the tokens via Coinbase Exchange.
• Region-based trading restrictions apply.
• APR operates on the Ethereum network (ERC-20).
• MET runs on the Solana network (SPL).

About aPriori (APR)

aPriori powers the aPriori network, a liquid staking platform built on Monad. It leverages MEV strategies to boost user rewards. Since its launch, APR's value has significantly increased.

About Meteora (MET)

MET is the native token of Meteora, a decentralized liquidity protocol on Solana. Meteora offers products such as the Dynamic Liquidity Market Maker (DLMM) and Dynamic Automated Market Maker (DAMM).

MET has also secured listings on other major exchanges. However, it has faced price volatility and criticism related to its airdrop allocation. Wallets associated with TRUMP meme-coin insiders received a significant amount of MET tokens, which were later transferred to OKX. Furthermore, Meteora's founder, Benjamin Chow, is involved in a class-action lawsuit concerning previous meme-coin projects.

Key Takeaways

• Coinbase continues to expand its altcoin listings.
• APR demonstrates strong initial performance.
• MET faces scrutiny due to airdrop concerns and legal issues.
• Investors should exercise caution and conduct thorough research before trading MET.