EGLD by MultiversX goes live on Coinbase

MultiversX is furthering its expansion in the US market by going live on Coinbase. According to the announcement made by the team, the native token of the platform – EGLD – will be listed on Coinbase, allowing users to buy & sell the token seamlessly.

Getting listed on Coinbase grants MultiversX access to over 108 million users across 100+ countries. The listing is tentatively scheduled to go live on December 07, 2022, at 17:00 UTC. Users on Coinbase will be able to deposit and withdraw the token at the same time.

The announcement follows a series of strategic listings majorly in the US market. Gaining listing rights on Coinbase strengthens its functioning and the goal of becoming the most accessible token to community members.

MultiversX has said that the objective now is to create a highly performant, secure, and scalable technology that will serve as the backbone to a new set of users and developers looking to leave their impressions in the metaverse frontier. Beniamin Mincu has stated in the announcement.

The Chief Executive Officer of MultiversX said that the team is taking the utility & value proposition of blockchain technology significantly to a new level. Mincu expressed excitement on behalf of the venture by calling the listing on Coinbase the most important step in increasing access to its ecosystem through EGLD.

Users can register on the official website and mobile application of Coinbase to trade the pair of EGLD/USD from 17:00 UTC.

Coinbase is now the most preferred exchange platform because it is the first to become a public company. Users and developers trust the operations of Coinbase as the exchange platform is legally required to meet compliance and report their financials publicly. Established in 2012, Coinbase is currently headquartered in San Francisco, with more than 3,000 cryptocurrencies on the platform.

Its regulated and licensed operations are supported in more than a hundred countries. Specifically talking about the US region, Coinbase has its functions being run in 40 states & territories under all the required regulations. The crypto exchange platform is often described as a developer’s platform as developers gain a chance to build APIs by leveraging real-time data.

The trading fees of Coinbase may appear to be on the higher side, but it is worth knowing how seriously the platform takes security regarding its users’ data and funds. Its mobile wallet offering greatly complements the safety feature, which allows traders to hold their digital tokens safely.

EGLD looks to further expand its presence in the days to come. Coinbase is one of the most important milestones which is expected to help MultiversX with its expansion plans.

It will all start with the native token attracting the attention of millions of users who are registered on Coinbase.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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