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US-based cryptocurrency exchange giant Coinbase has added the first-ever Avalanche (AVAX)-based token to its list of altcoins.
America’s largest digital asset exchange announcement We plan to support trading of Pangolin (PNG) from October 6th, provided liquidity conditions are met.
Tokens are assets of the Pangolin Decentralized Exchange (DEX), which operates on the Avalanche network. The platform allows users to exchange, stake, farm, and bridge crypto assets from various blockchains.
“Coinbase adds 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 any other network.” Please, you may lose your funds.
Inbound transfers of this asset are available on coinbase and coinbase exchanges in regions where trading is supported. “
According to Coinbase, PNG will have an experimental asset label assigned by exchanges to newly supported tokens on the platform or tokens with relatively low trading volumes.coinbase may delete Label according to market conditions.
We are constantly monitoring assets on our platform and may remove the label if assets no longer meet our standards.
After Coinbase’s announcement, Pangolin’s price increased by more than 33% in the last 24 hours. At the time of writing this asset changes ownership at $0.108.
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Featured Image: Shutterstock/Tithi Luadthong/Alex_Bond
