Cobinhood up 12% While Other Exchange Tokens Underperform

via Cobinhood.com
Voyager
Voyager

The price of COBINHOOD (COB), the first zero-fee cryptocurrency exchange, is up around 12% over the last 24 hours after a string of major announcements to close out the previous week, including the integration of USD trading pairs and launch of a built-in VPN for Chinese app users. COB is currently at $0.046 with a $17 million market cap.

While COB has done well, exchange tokens have seriously underperformed the rest of the market over the last 24 hours. The AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens, has dropped from 96.04 to 91.97, representing a 4% loss on the day.

AltDex

The major constituents of the ALTEXC include Binance Coin (29.55%), 0x (15.10%), BitShares (14.07%), Waves (6.69%), KuCoin Shares (6.50%) and Huobi Token (4.36%).

Other cryptocurrency categories are also negative over the last 24 hours. The AltDex 100 Cryptocurrency Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is down 0.77% while the AltDex Privacy Coin Index (ALTPRV), a benchmark index of privacy-focused cryptocurrencies and tokens, is down 2.96%.

More: AltDex Exchange Index

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts