Cryptocurrency exchange Coinbase has announced earlier today that it has listed the Axie token on its platform, with the crypto’s price now up by 3% since then.
Axie now a part of the Coinbase family
Coinbase is one of the leading cryptocurrency exchanges in the world, and its listing of cryptocurrencies usually carries a lot of weight. The US-based exchange announced earlier today that it had listed the Axie Infinity token on its trading platform alongside other cryptocurrencies.
In a blog post earlier today, Coinbase said, “Starting today, Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Quickswap (QUICK) and Wrapped Luna (WLUNA) are available on Coinbase.com and in the Coinbase Android and iOS apps.”
Thanks to this latest development, Coinbase users are now free to send, receive, trade and store AXS, REQ, TRU, QUICK and WLUNA in most Coinbase-supported regions. The coins are also supported on Coinbase Pro, the professional platform of the cryptocurrency exchange.
Axie Infinity is a popular gaming token that has become popular within the cryptocurrency space. The AXS token powers the popular Pokémon-Esque crypto game Axie Infinity, enabling gamers to compete in a constant battle for resources for the pets they create.
Since the announcement, the AXS’s token price is up by 3.5%, and it is currently trading at $71.43. The token price is expected to surge higher over the coming hours and days, thanks to the Coinbase effect. Cryptocurrencies have a tendency to experience a price surge when they are listed on Coinbase’s trading platforms, and the crypto space is expecting the same movement with the AXS token.
Earlier this year, Coinbase had admitted that its process of listing coins and tokens is slow, and it needs to improve it to ensure it competes with other leading cryptocurrencies. Since then, the crypto exchange has listed numerous cryptocurrencies, and it is on time to add more over the coming weeks and months.
Coinbase concluded that “We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see AXS, REO, TRU, QUICK and WLUNA ), as well as a new section of the Coinbase website to answer common questions about crypto.”