Crypto Exchange Giant Launches Support For Two Under-the-Radar Altcoins

Digital asset exchange giant Crypto.com is rolling out support for two under-the-radar altcoins as crypto markets continue to plunge in the wake of the announced closure of Silvergate bank.

Clients of the Singapore-based exchange can now trade Liquity (LQTY) and Gelato (GEL), according to a advertisement signature

Liquity is an Ethereum (ETH) based decentralized lending protocol powered by its LUSD stablecoin. The protocol uses ETH as collateral, and LQTY, its native token, can be used for liquidity mining and staking. LQTY participants can earn LUSD on loan issuance fees and ETH on redemptions.

LQTY is trading at $1.77 at the time of writing. The 203rd-ranked crypto asset by market capitalization was up 1.73% the day before and more than 7.27% last week. Binance, the world’s largest crypto exchange by volume, also added support for the token in late February.

Gelato is a decentralized automation protocol made up of smart contracts built on Ethereum. The project bills itself as the “decentralized backend of Web3,” allowing developers to create “augmented smart contracts that are automated, gasless, and off-chain.”

Gelato’s native ERC-20 token, GEL, is trading around $0.251 at the time of writing. The 663rd-ranked crypto asset by market capitalization is down more than 6% in the last 24 hours, but is up more than 21.2% in the last seven days.

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