Coinbase: LSETH has been launched, and the ALGO delay problem has been solved

It is reported that Coinbase Assets announced on social media that Liquid Stacked ETH (LSETH) has now been launched with “experimental label” on Coinbase iOS and Android applications. Coinbase customers can log in to buy, sell, convert, send, receive or store this asset. From 9 a.m. on Thursday, March 9, 2023, LSETH-ETH trading pairs will enter the auction mode.

Interpretation of this information:

According to recent reports, Coinbase Assets has launched Liquid Stacked ETH (LSETH) with an “experimental label” on their iOS and Android applications. This means that Coinbase customers can now buy, sell, convert, send, receive or even store LSETH on their platform. The launch of this new asset is a great addition to Coinbase’s growing portfolio of assets and is expected to attract more customers to their platform.

Coinbase’s decision to label LSETH as “experimental” is an important one as it suggests that this asset is still in its testing phase and may not be fully functional or stable yet. This is also a reminder to customers that investing in LSETH comes with a certain level of risk and should be done with caution.

In addition to this, the announcement indicates that LSETH-ETH trading pairs will enter the auction mode on Thursday, March 9, 2023, at 9 a.m. This means that customers will be able to participate in the auction to determine the initial price of LSETH-ETH trading pairs before they are officially launched on the platform.

Overall, Coinbase’s decision to launch LSETH on their platform is a sign of their commitment to expanding their portfolio of assets and providing customers with more choices. However, customers should be aware of the experimental label and take necessary precautions while investing in this asset.