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Coinbase Announces Support For Tezos (XTZ)

ยท in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Coinbase announced that it is currently offering support to Tezos (XTZ) at Coinbase.com and the Android and iOS apps. The information was released by the exchange in a blog post uploaded on August 8. With this new listing, Coinbase users will have the possibility to buy, sell, convert, send, receive and store XTZ coins. 

Tezos Added To Coinbase

Coinbase, one of the largest cryptocurrency exchanges in the market, announced that its customers can now have access to Tezos through Coinbase.com and the iOS and Android applications. At the moment, the new addition is not going to be available for users in New York State. 

Tezos is a crypto project that offers a new way for stakeholders to decide about the future of the platform by voting on different issues. Moreover, the digital currency features a proof of stake consensus protocol (PoS) that became one of the most successful in the market. 

On the matter, Coinbase wrote:

“Tezos is a cryptocurrency and decentralized computing platform. Its features include proof of stake consensus, formal verification (which lets developers verify the accuracy of their code), and the ability to let stakeholders vote on changes to the protocol.”

The cryptocurrency exchange has been adding new assets during the last year in order to offer solutions to the requests customers uploaded. In general, many users requested Coinbase to list a larger number of digital assets rather than just a small group of selected tokens. 

Coinbase explained that one of the most common requests that they hear from customers is to be able to buy and sell more and different digital currencies on Coinbase. This is why they have announced a new process for listing digital assets that was designed to accelerate the adoption of more virtual currencies. 

In the last 24 hours, Tezos (XTZ) registered a price increase of 4.89%, the largest gain experienced by the top 25 cryptocurrencies. In addition to it, the virtual currency has a market capitalization of $961 million and a price per coin of $1.46. XTZ is the 15th largest crypto in the market, according to data provided by CoinMarketCap. 

On August 5, Coinbase announced that it continues to explore support for new digital assets. In a blog post, the company shared a list of digital currencies that they are planning to integrate to their platform, including Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic Network (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES). 

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