Get Ready, Coinbase Will Trade Hashflow Token (HFT)

The Coinbase crypto exchange will add one token to their trading platform. (Photo; Doc. Token Post)

JAKARTA The largest crypto trading company in the United States, Coinbase, reportedly added one of the altcoins to its trading list, namely the Hashflow Token (HFT). The token is a token belonging to the decentralized crypto exchange platform (DEX) Hashflow. The information was announced by Coinbase via its official Twitter post.

For information, Hashflow is built on the Ethereum (ETH) network and aims for interoperability, zero insertion and trade protected by Miner Extractable Value (MEV), as reported by DailyHodl.

While DEX has traditionally relied on Automated Market Maker (AMM) to enable asset trading on demand, Hashflow uses a request-for-quote (RFQ) model that allows professional market creators to manage its liquidity pools.

Apart from Coinbase, HFT will also be traded by the Huobi crypto exchange on November 7. Based on its official statement, Hashflow is backed by several top industries, including Jump Trading, Galaxy Digital, Alameda Research, and venture capital arm Coinbase, Coinbase Ventures.

Earlier this year, CEO Brian Armstrong said Coinbase aims to register as many crypto assets as possible, as long as they meet company standards.

"It's like Amazon or something like that where a product may have three stars or may have five stars, but if it starts to get one star consistently, it might be cheating or a defect or something and maybe Amazon will delete it," Amrstrong said.

"If not, you want to let the market decide these things," added Coinbase boss.

Coinbase compiled its roadmap this year to increase transparency and reduce the possibility of announcing their crypto trading lists.