Coinbase says it’s adding a relative crypto newcomer to its lineup of tradable crypto assets.
The top US-based exchange says the Ethereum-based staking altcoin Liquid Staked ETH (LSETH) will soon be live and open for deposits, withdrawals and trading.
Liquid Staked ETH is the token that investors receive when they stake their Ethereum (ETH) on Liquid Collective, a liquid staking protocol.
Liquid Collective is designed to let users stake their ETH and obtain LSETH, which can in turn be utilized in DeFi (decentralized finance) applications.
Although LSETH is not designed to be pegged to the price of Ethereum, it has maintained relative parity to the leading smart contract platform’s native crypto asset.
LSETH is priced at $1,598 at time of publishing, compared to ETH’s price of $1,562 – down 0.3% in the last 24 hours.
Coinbase says it’s giving the crypto asset its experimental label, which is assigned to altcoins that may have higher volatility and lower trading volume compared to more established and mainstream digital assets.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong/NEWAY 3D
Click Here to Read the Full Original Article at The Daily Hodl…
