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December 5, 2022
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Coinbase Pro now supports four new cryptoactives

Cryptoactives can be specifically added to Coinbase Pro accounts from now on.

Coinbase Pro now supports four new cryptoactives, they are Axie Infinity (AXS), Request (REQ), TrueFi (TRU) and Wrapped Luna (WLUNA). Cryptocurrencies have been released on the platform since 9:00 AM (Pacific Time) today, August 12th.

Coinbase reported the release on its blog, in which it asked users to transfer cryptoactives to their Coinbase Pro account prior to trading. Trading would only start after compliance with the liquidity conditions.

The blog elaborated on the growing demand from its users to bring more cryptoactives to the table during negotiation. The company has repeatedly supported and released new assets for its platform through its listing process.

Recently added trading support for IoTeX (IOTX), Orion Protocol (ORN), Quickswap (QUICK), Tribe (TRIBE), TerraUSD (UST), Alchemy Pay (ACH), PlayDapp (PLA), Rai Reflex Index (RAI) ), Harvest Finance (FARM), Fetch.ai (FET), Paxos Standard (PAX) and Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer ( LPT), Quant (QNT), Chiliz (CHZ), Keep Network (KEEP), Polkadot (DOT) and Solana (SOL).

  • Coinbase Pro now supports four new cryptoactives.

Axie Infinity (AXS) is a Ethereum token that drives Axie Infinity, an NFT-based online game developed by Vietnamese studio Sky Mavis. AXS holders can potentially receive rewards for wagering their tokens and playing the Blockchain-based game. The NFT collection is the most expensive collection at the moment, with over $42M in sales as of June 2021.

Request (REQ), on the other hand, is an Ethereum token that drives the Request Network. This is a decentralized payment system where people can securely send and request payments. Transactions on this network are saved unalterably and requests are executed without any mediator.

TrueFi (TRU) is an Ethereum-backed token that leverages TrueFi, a DeFi protocol for transparent, stable and unsecured loans that works with networked credit scores. TrueFi also sets up a reward mechanism using TrustTokens (TRU), which rewards people for keeping ARPs high and less volatile.

Wrapped Luna (WLUNA) is an Ethereum token that characterizes Earth (LUNA). The token is built to track and follow the value of LUNA and was created to allow LUNA owners to maintain, exchange and participate in DeFi applications on the Ethereum Network. With the help of a WLUNA partner, 1 LUNA can be exchanged for 1 WLUNA.

Crypto-assets can be specifically added to Coinbase Pro accounts from now on. They have not been enrolled on Coinbase.com or through the Consumer Mobile app.

Source: Coinspeaker

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