Two Ethereum-Based Altcoins Jump After Crypto Exchange Coinbase Announces Support
Leading US crypto exchange Coinbase is officially launching trading services for two digital assets that were recently added to the listing roadmap.
In a recent announcement, Coinbase says that Aurora (AURORA) will be available accompanied by the “Experimental” label, which the exchange applies to “assets that are either new to our platform or have relatively low trading volume compared to our broader crypto marketplace.”
Aurora was designed by the team behind the Near Protocol (NEAR) layer-1 scaling solution. As an Ethereum Virtual Machine (EVM), Aurora is fully compatible with Ethereum (ETH), while offering developers a turnkey solution with low transaction costs.
The ERC-20 AURORA governance token was approved and created by the project’s Decentralized Autonomous Organization (DAO).
Aurora has seen some choppy price action over the past week, currently up nearly 10% on the day and trading at $1.34.
Also joining Coinbase in the experimental category is MXC, an IoT (Internet of Things) project that seeks to crowdsource a global data network for the “devices of tomorrow.”
The MXC Foundation operates the Meta X Connect network and is focused on successfully expanding the infrastructure of Web 3.0.
According to the project’s website, MXC has connected over 63,000 devices and collected more than 60 terabytes of data.
Utility token MXC is also an ERC-20 asset used to drive device transactions on the project’s peer-to-peer Supernode network, which acts as a relay and proxy server to handle data flow.
At the time of writing, MXC is up 7.77% in the last 24 hours and priced at $0.076.
Coinbase originally announced that it was adding AURORA and MXC to its listing roadmap on August 22nd. Børsen created the roadmap earlier this year to increase transparency and reduce the risk of insider trading.
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