Mark Weaden
Coinlife users to trade altcoins on Solana
Cryptocurrency brokerage platform Coinlife is looking to make more coins available to its users and has now agreed to allow them to trade on Solana. The move is expected to expose the traders to more altcoins.
Coinlife to support more altcoins
Coinlife is a brokerage platform dedicated to providing users access to a wide range of cryptocurrencies. In a press release earlier today, the company said it intends to make altcoins available to its users by allowing them to trade on Solana.
The broker wrote, "The variety of tradable altcoins has grown significantly in the past year. As a result, leading online trading brokerage house, Coinlife has decided to open up new trading possibilities to its clients - the most prominent of them being Solana. The new coins are accessible to all registered users effective immediately, and their daily and monthly rates can easily be found on the brand's website."
Coinlife's spokesperson assured their users that the addition of new coins on the platform is preceded by months of extensive research. This is to ensure that they only list quality projects on their platform. "You can be sure that all of the new crypto coins on our list have gone through careful screening. We invite our traders to have a look at the updated list, and we remind them that we are always there for them, should they have any questions regarding any one of these altcoins," the spokesperson added.
Solana has grown to become one of the leading blockchain ecosystems in the cryptocurrency world. The blockchain, similar to Ethereum and Binance Smart Chain, allows developers to create apps. However, Solana offers higher scalability compared to Ethereum.
With the rise of decentralized finance (DeFi), more people are seeking to gain access to DeFi tokens due to the growth opportunities they provide. Hence, Coinlife allowing its users to trade altcoins on the Solana project would give them more access to DeFi tokens.
