second largest in the world cryptocurrency exchange Coinbase altcoin listing news.
According to the statement made from the official Twitter account of the platform, previously called Elrond. MultiversX (EGLD) will be listed on the stock exchange.
Formerly Elrond (EGLD) Altcoin to be Listed on Coinbase Exchange
According to the statement from the official account, the altcoin will only be supported on the MultiversX network, and users are asked not to transfer coins on other networks.
EGLD trading pairs will be opened on the stock market on December 7, 2022 (Tomorrow) at 20:00 Turkish time.
Coinbase will add support for MultiversX (Previously Elrond) (EGLD) on the MultiversX network. Do not send this asset over other networks or your funds may be lost.
— Coinbase Assets (@CoinbaseAssets) December 6, 2022
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The MultiversX developer team released a statement on their official blog after this big listing news. The statement included the following:
“A month ago, during our inaugural X Day conference in Paris, we unveiled some of our most daring milestones and products, including xPortal, xWorlds and xFabric, expanding the scope and scale of the ecosystem, and opening up new avenues of growth.
Today, we are excited to announce that EGLD, the native altcoin underlying the MultiversX blockchain, is listed on Coinbase, the largest US cryptocurrency exchange by trading volume.
With this new listing, EGLD expands its already substantial market presence worldwide, making it easy to buy and tradable to more than 108 million users in more than 100 countries, including corporate entities.”
In addition, Beniamin Mincu, CEO of MultiversX, said:
“With the transformation and evolution to MultiversX, we are taking and significantly expanding the utility and value delivery of blockchains.
We are excited about the Coinbase listing as one of the most important steps in increasing access to the MultiversX Ecosystem through EGLD.”
*Not investment advice.