Coinbase Announces New Listing Amid Major Expansion Move

As a seasoned researcher with a keen interest in the dynamic world of cryptocurrencies and blockchain technology, I find myself consistently impressed by Coinbase’s relentless pursuit of expansion and innovation. The latest addition of Across Protocol (ACX) to their platform is yet another testament to their forward-thinking strategy.


In a move to expand its services even further, Coinbase, a prominent player in the cryptocurrency exchange market, has unveiled a fresh listing. This new listing follows a sequence of similar listings designed to diversify Coinbase’s portfolio and attract more diverse groups of investors.

On Twitter, Coinbase announced that they will soon enable transactions for Across Protocol’s token (ACX) on the Ethereum network (ERC-20 standard). The token trade is anticipated to start on August 21, 2024, provided the necessary liquidity requirements are fulfilled. After a sufficient amount of this asset has been made available, they plan to gradually introduce the ACX-USD trading pair.

 
The 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

At the beginning of this week, Coinbase disclosed that five fresh digital assets – NEAR, AERO, VET, VTHO, and PYUSD (ERC-20) – have become accessible to New York residents through the Coinbase iOS and Android apps.

🎉 Great news for New York residents! You can now access five fresh digital assets – NEAR, AERO, VET, VTHO, and PYUSD (ERC-20) – directly through the Coinbase mobile apps on your iOS or Android devices.

— Coinbase Assets 🛡️ (@CoinbaseAssets) August 19, 2024

Coinbase announced that it has enabled transfer capabilities for three additional cryptocurrencies: Curve DAO Token (CRV), yearn.finance (YFI), and Synthetix (SNX). Users can now send and receive these digital assets on Coinbase, with transactions possible in the regions where trading is allowed.

On a different tweet, Coinbase International announced they’re going to include Cosmos, dYdX, and MANTRA for perpetual futures trading on their platform starting from August 22, 9:30 a.m. UTC. This means the ATOM-PERP, DYDX-PERP, and OM-PERP markets will go live that day.

Over the past seven days, Coinbase has hinted at the imminent debut of cbBTC, which is expected to significantly impact the decentralized finance (DeFi) sector within the Base network, Coinbase’s Ethereum layer-2 blockchain. The introduction of cbBTC aims to establish a substantial Bitcoin economy on the Base network.

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2024-08-21 18:56