Exchange Giant Coinbase Adds Support For Ethereum-Based Blockchain Video Game Altcoin As Markets Stumble
Cryptocurrency exchange Coinbase is listing the utility and governance token of Illuvium (ILV), an open fantasy fighting game built on the Ethereum (ETH) blockchain.
according to announcement of the largest crypto exchange in the US, consumers should only trade ILV on the ETH network.
“Coinbase will add support for Illuvium (ILV) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your money may be lost. Incoming transfers for this asset are available on Coinbase and Coinbase Exchange in regions where trade is supported.”
Coinbase says that trading of ILV is expected to start as early as October 13.
“Trading will begin on or after 09:00 AM PT on October 13, 2022 if liquidity conditions are met. Once sufficient supply of this asset is established, trading on our ILV-USD trading pair will begin in phases. Support for ILV may be limited in certain supported jurisdictions.”
Illuvium celebrated the news with its 344,700 Twitter followers.
“This is a very big step for Illuvium, and the community as a whole!”
The RPG fantasy game Illuvium rewards players with NFTs (Non-Fungible Tokens) and ILV Tokens for completing walk-through adventures or playing against other players.
The price of ILV rose after Coinbase’s announcement, but the price later fell along with the rest of the markets following the worse-than-expected release of new US inflation data. Then the markets and ILV started to pick up again.
ILV reached a high of $56.75 before dropping to $51.22. The price has since risen to $54.35 at the time of writing.
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Featured image: Shutterstock/Digital_Art/Sensvector
