Coinbase Expands Trading with New Altcoin for DeFi Enthusiasts
Customers on Coinbase now have the opportunity to trade the DeFi token Osmosis (OSMO), an alternative coin based on Cosmos (ATOM).
Coinbase, the leading cryptocurrency exchange in the United States, has included Osmosis under its “Experimental Label,” which is used for tokens with higher risk and lower liquidity.
Osmosis is a protocol that operates as an automated market maker (AMM) and is built on the Cosmos software development kit (SDK). Its primary objective s to facilitate cross-chain transactions by utilizing inter-blockchain communication (IBC).
At the time of writing, Osmosis’ native governance token, OSMO, is trading at approximately $0.5986. Currently ranked 110th by market capitalization, the value of OSMO has decreased by 0.6% over the past 24 hours and more than 2.6% over the past week.
According to DeFi Llama, a crypto tracker, Osmosis ranks 12th among all decentralized exchanges (DEXs), with a TVL of $147.9 million.
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TVL represents the total capital held within the smart contracts of a blockchain. It is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.
Coinbase announced the addition of OSMO to its listing roadmap last month.
Binance, another prominent exchange, had previously listed the altcoin in its “Innovation Zone,” a dedicated trading space for crypto assets that may experience significant price volatility.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
