Coinbase Announces It Will List the Long-Awaited Altcoin

Cryptocurrency exchange Coinbase is listing the Sonic (S) token, according to its official statement. Sonic was recently formed by rebranding the well-established altcoin Sonic.

Sonic has started to rise noticeably since the evening hours today. Although there was a recovery atmosphere in the cryptocurrency market in general today, the increase in the S price was recorded as 14% and left many altcoins behind. There was no sudden increase after the Coinbase listing news.

In fact, there was a controversy between Sonic founder Andre Cronje and Coinbase in the past. Cronje claimed that Coinbase did not charge fees for listings, but the company demanded fees of $100 million or more for the priority of listings.

Similarly, Tron founder Justin Sun previously claimed that Coinbase required an $80 million fee and $250 million in Bitcoin collateral to list TRX. Coinbase, however, continues to insist that there are no fees for listings.

*This is not investment advice.