Coinbase, the leading cryptocurrency exchange in the U.S., has announced that it will be adding Reserve Rights (RSR) to its listing roadmap.
This move marks another step for the platform as it continues to expand its offerings.
Reserve Rights (RSR), already available on popular exchanges like Binance and Upbit, is now set to be listed on the Base network, Coinbase’s own layer-2 blockchain.
The Base network aims to enhance the scalability of Ethereum through more efficient transaction processing.
The Reserve Rights project focuses on decentralized finance (DeFi) and aims to secure its stablecoins, known as RTokens, by implementing an overcollateralization strategy.
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It also features a governance system where token holders can stake their assets and vote on proposed changes to the protocol.
Originally launched before 2020, RSR has faced significant price declines since reaching its all-time high during the 2021 crypto bull run.
Currently, it trades at around 94% below that peak, with a market capitalization of $357 million. During its height last April, the project’s market cap was approximately $1.4 billion.
Author
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
