COTI Surged 65% After Listing On Coinbase Pro Platform

COTI surged 65% after it was listed on the Coinbase Pro crypto exchange while the platform continues its efforts of expanding its portfolio of crypto assets with teh newest addition being COTI as we reading more in our latest altcoin news today.

The price of COTI surged to a three-month high in a few hours following an announcement by the biggest digital asset exchanges in the US-Coinbase Pro. The platform will list for trading COTI on August 26^th and the Currency of the Internet is a blockchain-based protocol aimed to optimize digital payments by creating a decentralized and scalable network that facilitates global commerce. The native crypto will be listed on the biggest US-based exchange Coinbase Pro as the company announced a day ago that it had already enabled transfers from COTI into the customers’ accounts. With other additions as well, users will be able to interact with COTI in supported jurisdictions with certain exceptions that we know of.

“Once sufficient supply of COTI is established on the platform, trading on our COTI-USD order book will launch in three phases.”

Listing on Coinbase Pro and Coinbase serves as immediate catalysts for the price increases and this was also teh case with COTI with the asset trading around $0.3 ahead of the announcement but it surged by 65% in a matter of hours to over $0.49 and became the highest price tag in more than three months. Despite the retracements, COTI still trades 33% higher than its position a day ago and $0.40 which is a contrast to the market-wide correction which drove BTC and other altcoins south over the past day. Another news that impacted the price of the asset came from Huobi as the exchange followed Coinbase’s example and listed COTI a day later.

As recently reported, The Axie Infinity AXS token surged 30% after the recent listing as it becomes the latest digital asset to be listed on the exchange which typically happens with similar developers. We saw its price jump nearly 30% in a matter of hours after the announcement. The leading US exchange outlined the latest set of coins to find a new place on the exchange of the trading platform on August 11^th. Aside from the aforementioned AXS, other tokens included TRU, REQ, and WLUNA so users are able to deposit all four coins now. The statement clarified that support for these will be available in the supporter jurisdictions with certain exceptions.

Source: https://www.dcforecasts.com/altcoin-news/coti-surged-65-after-listing-on-coinbase-pro-platform/