US-based crypto trade big Coinbase is including the primary ever Avalanche (AVAX)-based token on its roster of altcoins.
The token is the asset of the Pangolin decentralized trade (DEX), which runs on the Avalanche community. The platform permits customers to swap, stake, farm and bridge crypto property from totally different blockchains.
“Coinbase will add assist for Pangolin (PNG) on the Avalanche community. Pangolin (PNG) is the primary Avalanche ARC-20 token to be supplied on our trade. Don’t ship this asset over different networks or your funds could also be misplaced.
Inbound transfers for this asset can be found on Coinbase and Coinbase Alternate within the areas the place buying and selling is supported.”
Coinbase says that PNG could have the experimental asset label that the trade assigns to tokens which might be newly supported on the platform or these with comparatively low buying and selling quantity. Coinbase could remove the label relying on market circumstances.
“We’re continually monitoring the property on our platform and should take away the label when an asset not meets the standards.”
Following Coinbase’s announcement, Pangolin’s value elevated by over 33% during the last 24 hours. At time of writing, the asset is altering fingers for $0.108.
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