Coinbase Expands Its Crypto Arsenal
In a move that has crypto enthusiasts on the edge of their seats (or couches), Coinbase has announced support for Tezos (XTZ) trading across its platform and mobile apps. This was revealed in an official blog post on August 8, nicely timed after the launch of XTZ trading on Coinbase Pro just three days earlier.
The Ripple Effect on Tezos Pricing
Tezos didn’t just get a warm welcome; it got a full-on parade. Following the news of its listing, Tezos’s price saw an impressive surge of 11.9% in a single day. Not bad for a digital asset that’s just trying to find its place in the crowded crypto market!
Trading Options for All… Except New Yorkers
Coinbase users can now buy, sell, convert, send, and store XTZ with a couple of clicks. However, there’s a catch for those living in the Big Apple. New Yorkers are left in the cold when it comes to trading XTZ, thanks to the ever-watchful regulatory eyes and crypto litigation issues in the state.
A Professional’s Playground: Coinbase Pro
Coinbase Pro positions itself as the slick, sophisticated sibling of the Coinbase family, aimed at the serious traders. But let’s not forget, it’s still all under the same roof, making it easy for those wanting to dip their toes into crypto trading without needing a swim coach.
Looking Ahead: What’s Next for Coinbase?
But wait, there’s more! On the same day that Tezos made its debut, Coinbase hinted at possibly welcoming eight more digital assets into its fold. The prospective guests include Algorand (ALGO), Cosmos (ATOM), and a few others. Though Coinbase is playing it safe and not rolling out a welcome mat for all just yet.
What does this mean for crypto traders? More options are always a good thing, but keep your popcorn ready and watch for updates as things continue to change in the fast-paced world of digital assets.
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