Widespread US-based crypto buying and selling platform Coinbase Professional is including one other altcoin amid a flurry of latest inclusions this week.
In keeping with a Coinbase announcement, Voyager Token (VGX), the Ethereum-based coin of centralized change Voyager, has been added to Coinbase Professional. VGX will not be but obtainable on the Coinbase retail platform or cell app.
In keeping with Voyager, VGX is a liquid token that gives utility throughout its platform. Members can earn curiosity by staking the coin or utilizing the token to allow on the spot transactions, obtain price reductions, and earn rewards for buying and selling.
The announcement of the Coinbase Professional itemizing practically despatched Voyager to the moon. VGX noticed an roughly 52% worth soar from $2.76 on Tuesday to a local high of $4.21 on Wednesday. The crypto asset has since corrected, buying and selling at $3.61 at time of writing.
The announcement comes after Coinbase launched support for 5 different altcoins this week, together with Alchemix (ALCX), Ethereum Name Service (ENS), Gala Games (GALA), Power Ledger (POWR), and GYEN, a stablecoin pegged to the Japanese yen.
Although many crypto buying and selling platforms corresponding to Voyager have begun launching their very own blockchains and cryptocurrencies, Coinbase not too long ago said they determined in opposition to doing so because of a choice for decentralization.
As Coinbase CEO Brian Armstrong says,
“I’m type of glad we didn’t [launch our own chain] as a result of I don’t like the thought of there being a Coinbase Chain.
I like the thought of chains being rather more decentralized than that.”
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