- Coinbase announces support for the Seamless (SEAM) token on the Base network, an ERC-20 token, with specific transfer guidelines to avoid fund loss.
- Trading of SEAM is set to commence on Coinbase under certain liquidity conditions, expanding the crypto exchange’s diverse asset portfolio.
Coinbase, a leading cryptocurrency exchange, has recently expanded its asset portfolio by announcing support for the Seamless (SEAM) token on the Base network, an ERC-20 token. This strategic addition marks a significant step for Coinbase, further diversifying its offering and providing users with more investment opportunities in the digital asset space.
Coinbase will add support for Seamless (SEAM) on the Base network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) December 11, 2023
Seamless Integration on Coinbase
The addition of Seamless (SEAM) on the Base network is a significant move by Coinbase, catering to the evolving demands of the cryptocurrency market. Users are advised to transfer this asset exclusively over the Base network, as sending it through other networks could result in the loss of funds. Coinbase emphasizes the importance of adhering to this guideline to ensure the safety and security of user assets.
Trading Launch Conditions and Address Confirmation
Trading of the SEAM token on Coinbase is scheduled to begin on or after 1 PM ET on December 11, 2023, provided that liquidity conditions are met. To ensure a smooth and stable trading environment, Coinbase will monitor the availability of a sufficient supply of SEAM tokens before launching trading pairs. The exchange has also shared the specific contract address for Seamless (SEAM) on the Base network (0x1C7a460413dD4e964f96D8dFC56E7223cE88CD85), enabling users to confidently engage with this new asset.
Coinbase’s Cautious Approach with the Experimental Label
In line with its commitment to user safety and regulatory compliance, Coinbase has added SEAM with an “Experimental” label. This designation is part of Coinbase’s effort to inform users about the potential risks associated with newer or less established digital assets. Users can learn more about the implications of this label and the associated risks through Coinbase’s dedicated help section.
Community Reaction and Anticipation
The announcement of SEAM’s addition has garnered attention and excitement within the cryptocurrency community, with various stakeholders expressing their enthusiasm and support for this new listing. As Coinbase continues to support Base network projects, the inclusion of SEAM is seen as a positive development for both the exchange and its users.
Coinbase’s decision to support Seamless (SEAM) on the ERC-20 Base network reflects its ongoing efforts to provide diverse and innovative cryptocurrency options to its users. As the exchange navigates the dynamic digital asset landscape, its cautious yet progressive approach exemplifies its commitment to offering a broad and secure trading experience.