Coinbase Announced a New Altcoin for its Listing Roadmap
Coinbase, the leading cryptocurrency exchange in the U.S., has announced that it will be adding Reserve Rights (RSR) to its listing roadmap.
This move marks another step for the platform as it continues to expand its offerings.
Reserve Rights (RSR), already available on popular exchanges like Binance and Upbit, is now set to be listed on the Base network, Coinbase’s own layer-2 blockchain.
The Base network aims to enhance the scalability of Ethereum through more efficient transaction processing.
The Reserve Rights project focuses on decentralized finance (DeFi) and aims to secure its stablecoins, known as RTokens, by implementing an overcollateralization strategy.
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It also features a governance system where token holders can stake their assets and vote on proposed changes to the protocol.
Originally launched before 2020, RSR has faced significant price declines since reaching its all-time high during the 2021 crypto bull run.
Currently, it trades at around 94% below that peak, with a market capitalization of $357 million. During its height last April, the project’s market cap was approximately $1.4 billion.
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