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Coinbase, one of the leading cryptocurrency exchanges, has announced a new listing as part of its ongoing expansion efforts. This latest addition comes on the heels of a series of listings aimed at broadening Coinbase's offerings and enhancing its appeal to a wider range of investors.
In a tweet, Coinbase stated it will add support for Across Protocol (ACX) on the Ethereum network (ERC-20 token). The trading of this token is expected to begin on Aug. 21, 2024, if liquidity conditions are met. Once sufficient supply of this asset is established, trading of the ACX-USD trading pair is expected to launch in phases, the announcement indicated.
Tomiwabold OlajideThe Across Protocol (ACX) token soared as much as 14% after the news of its upcoming Coinbase listing surfaced on social media before settling to trade at $0.392 at press time, up 4% in the last 24 hours.
Coinbase makes expansion moves
In an announcement at the very start of the week, Coinbase announced that five new assets are now available to New York residents on Coinbase in the Coinbase iOS and Android apps, which include NEAR, AERO, VET, VTHO and PYUSD (ERC-20).
Coinbase also stated it has added Base send and receive support for crypto assets Curve DAO Token (CRV), yearn. finance (YFI) and Synthetix (SNX), with transfers now available on Coinbase in the regions where trading is supported.
In a separate tweet, Coinbase International exchange stated that it will add support for Cosmos, dYdX and MANTRA perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of the ATOM-PERP, DYDX-PERP and OM-PERP markets will happen tomorrow, Aug. 22, around 9:30 a.m. UTC.
In the past week, Coinbase teased the upcoming launch of cbBTC, expected to play a crucial role in the DeFi space on the Base network, Coinbase's Ethereum layer-2 blockchain. cbBTC is anticipated to build a huge Bitcoin economic system on the Base network.
Arman Shirinyan
Alex Dovbnya