Following the listing announcement of cryptocurrency exchange Coinbase, the Avalanche (AXAX)-based altcoin project has skyrocketed. After Cardano (ADA), DCG subsidiary Luno is adding support for Solana (SOL).
Coinbase added Pangolin (PNG) to its list, altcoin price skyrocketed!
US-based crypto exchange giant Coinbase adds Avalanche (AVAX) to its altcoin list. Coinbase has announced that it will support Pangolin (PNG) trading from October 6 when liquidity conditions are met. The token is the asset of the Pangolin decentralized exchange (DEX) running on the Avalanche network. The platform allows users to exchange, share, group and bridge crypto assets from different Blockchains. Regarding the listing, Coinbase made the following announcement:
Coinbase will add support for Pangolin (PNG) on the Avalanche network. Pangolin (PNG) is the first Avalanche ARC-20 token offered on our exchange. Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase and Coinbase Exchange in trading supported regions.
Coinbase says that PNG will have the experimental asset tag that the exchange assigns to tokens that are newly supported or have relatively low trading volumes on the platform. It is possible that Coinbase may remove the tag depending on market conditions. In this context, the exchange said, “We are constantly monitoring the assets on our platform. It is possible for us to remove the label when an asset no longer meets the criteria,” he says. Meanwhile, after Coinbase’s listing announcement, Pangolin’s price has surged over 33% in the last 24 hours.
Ethereum killer Solana hits Luno’s list
Cryptocurrency exchange Luno has added support for Solana (SOL), according to an announcement made on Thursday. Users of the Trade platform are now able to buy, sell and keep the ‘Ethereum killer’.
cryptocoin.com Luno, a subsidiary of crypto-focused venture capital giant Digital Currency Group, also announced that it had listed Cardano (ADA) last month. Luno exchange first entered the market in 2013. The following year, it received an investment from its current owner, DCG. DCG acquired Luno in September 2020, marking its entry into the retail crypto market. The exchange has more than nine million customers in a total of 43 countries.
Compared to other cryptocurrency exchanges, Luno’s cryptocurrency list is relatively modest. For now, it’s limited to Bitcoin (BTC), Ethereum (ETH), and a few major altcoins. Luno launched a new investment arm earlier this March to support various cryptocurrencies.
Also in April, Luno signed a multi-million dollar deal with London-based concert venue KOKO, another example of the entertainment and crypto industries joining forces. In August, the trading platform received digital asset service provider (DASP) registration in France.
