The largest crypto exchange in the US has added the native token of non-tradable token (NFT) game studio Vulcan Forged (PYR) to the list of supported digital coins announced.
According to Coinbase, the platform will begin serving the Ethereum (ETH)-based altcoin on November 29, once liquidity conditions are met.
“Coinbase will add support for Vulcan Forged PYR (PYR) on the Ethereum network (ERC-20 token).
Once there is sufficient supply of this asset, trading will gradually begin on our PYR-USD trading pair.”
Koinfinans.com As we reported, the announcement comes just weeks after Coinbase added PYR to its listing roadmap. The exchange regularly shares its roadmap in order to increase transparency and minimize large price movements that occur when the price of coins increases after listings. In this way, listings are reported beforehand. Although the stock market tries to prevent the price increase, listing announcements continue to trigger small-scale rallies.
After the announcement, the price of PYR rose. The altcoin was trading at $2.90 just before the announcement. Afterwards, it managed to climb up to $ 3.37. This means an increase of about 16%. The altcoin retains some of its gains and is trading at $3.10 at press time.
Earlier this year, Coinbase CEO Brian Armstrong said the exchange aims to list as many crypto assets as possible as long as they meet the company’s specific standards. It seems that the stock market continues to be behind its said target.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.