A popular crypto trading platform based in the United States. Coinbase Pro, amid the new listing frenzy this week, has added another altcoin to its altcoin arsenal.
According to an announcement by Coinbase, the Ethereum-based cryptocurrency from centralized exchange Voyager Voyager Token (VGX)has been added to Coinbase Pro, which focuses on the platform’s high-volume customers. However, VGX is not yet available on the Coinbase retail platform or mobile app.
According to Voyager, VGX is a liquid token that benefits its platform. Participants can earn interest by staking the token or using it to activate instant transactions, receive fee discounts and earn rewards for trading.
The announcement of the Coinbase Pro listing nearly sent Voyager to the moon. VGX is up nearly 55 percent from a low of $2.76 on Tuesday to $4.25 on Wednesday. The crypto-asset has since followed a volatile price action, breaking low, but at the time of writing it is trading close to its weekly high at $4.25.
The surprise listing announcement, Coinbase this week; Alchemix (ALCX), Ethereum Name Service (ENS), Gala Games (GALA), Power Ledger (POWR) and a stablecoin pegged to the Japanese yen GYEN It came after it launched support for five other altcoins, including
Besides listing, while many crypto trading platforms like Voyager have started to launch their own blockchains and cryptocurrencies, Coinbase recently made a statement that they have decided not to do so due to its preference for decentralization. Speaking on the subject, Brian Armstrong, CEO of Coinbase, said:
“I’m glad we didn’t start our own chain because I don’t like the idea of having a Coinbase Chain. I like the idea of chains being much more decentralized than that.”,
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.