Crypto.com coin surged to a new all-time high just below $0.30 one day after the trading started on Coinbase as we are reading more in our latest Altcoin news today.
Crypto.com coin surged to $0.30 after it was listed on Coinbase with the exchange starting to aggressively list other crypto-assets as of late. Its actions extended beyond the other little-noticed coins like ARPA Chain and Jasmy Coin but also the Crypto.com coin as well. Coinbase announced that the trading of Ethereum-based CRO will start immediately. The listing was quite a boon for CRO which made it hit a new all-time high of $0.29 and it increased 13% in the past day with over 20% of trading volume in the same timeframe coming from Coinbase. It now ranks as the 32nd biggest crypto by market cap with $7.3 billion above FTX token.
Crypto.com coin came from the Crypto.com exchange as one of the top five crypto spot exchanges by volume and similarly to Binance Coin, the users of the exchange got rewards in CRO which can use the asset to pay for services at a discount and they can also utilize it to access decentralized finance apps for borrowing, lending and asset swaps without a centralized intermediary. Just like FTX and Coinbase, Crypto.com was on a full-court press and attracted sports fans as well to the platform. It is preparing a UFC NFT collection as well as a collection out with the Philadelphia 76ers while signing a five-year sponsorship deal with Formula 1 and kicking off the ad campaign with Matt Damon on last week’s Thursday Night Football.
However, getting listed on a rival exchange represents something similar to a coup. Coinbase already supports tradings of tether which compete with its own stablecoin but it stayed away from these assets that were issued by other centralized exchanges. Coinbase declined to comment on the listing but it did point out statements from CEO Brian Armstrong who said that his company wants to become the Amazon of assets.
As recently reported, Coinbase is in the process of testing its new subscription service and it will allow the traders to buy and sell crypto without fees and dubbed coinbase One, will be available to a small group of users at first. The exchange as the biggest one in the US is in the process of testing out its new service and as Coinbase confirmed its subscription service, some users recieved access to the beta version last night which will be called Coinbase One.
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