Two Ethereum-Based Altcoins Jump After Crypto Exchange Coinbase Support Announced
Leading US crypto exchange Coinbase is officially rolling out trading services for two digital assets that were recently added to its listing roadmap.
In a new announcement, Coinbase said that Aurora (AURORA) will be available with the “Experimental” label, that the exchange applies to “assets that are either new to our platform or have relatively low trading volume compared to our broader crypto market.”
Aurora was designed by the team behind the Near Protocol (NEAR) Layer 1 scaling solution. As an Ethereum Virtual Machine (EVM), Aurora is fully compatible with Ethereum (ETH) while providing developers with a turnkey solution with low transaction costs.
The ERC-20 AURORA governance token was approved and created by the project’s Decentralized Autonomous Organization (DAO).
Aurora has seen choppy price action over the past week, currently up nearly 10% on the day and trading at $1.34.
Also joining Coinbase in the experimental category is MXC, an IoT (Internet of Things) project that attempts to crowdsource a global data network for “devices of tomorrow.”
The MXC Foundation operates the Meta X Connect network and focuses on the successful growth of Web 3.0 infrastructure.
According to the project websiteMXC connected over 63,000 devices and collected over 60 terabytes of data.
The MXC utility token is also an ERC-20 asset used to power device transactions on the project’s peer-to-peer Supernode network, which acts as a relay and proxy server to manage data flow.
At the time of writing, MXC is up 7.77% in the last 24 hours and priced at $0.076.
Coinbase originally announced that it was adding AURORA and MXC to its listing roadmap on August 22. The exchange established the roadmap earlier this year to increase transparency and reduce the risk of insider trading.
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