Coinbase Is Now Offering Support For EOS Before An Important Announcement on January 1

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 has recently announced that it will be offering support to the cryptocurrency token EOS. The information was released by Coinbase in a recently released blog post on May 30. Coinbase is one of the larges crypto exchanges and platforms in the market. EOS is also one of the most popular digital assets in the space.

Coinbase Offers Support For EOS

Coinbase continues to offer better services for users and clients. This time, the popular digital asset EOS has been added to the Coinbase platform. Users can now buy, sell and hold this digital asset directly on or the official applications for iOS and Android.

Although the intention is to reach as many jurisdictions as possible, users from the United Kingdom and New York will not be able to have access to this feature at the time of writing. Moreover, the press release informs that transaction processed by the EOS network do not have fees and are paid through computing resources such as RAM, CPUs or network bandwidth.

Currently, EOS is the fifth largest cryptocurrency in the market. According to CoinMarketCap, EOS has a market capitalization of $7.23 billion and a price per coin of $7.89. Although there are several positive news for EOS, the digital currency fell 3% in the last 24 hours.

In the press release Coinbase wrote:

“One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. In September, we announced a new process for listing assets, designed in part to accelerate the addition of more cryptocurrencies.”

Indeed, Coinbase announced that it was going to be accelerating the addition of more virtual currencies. This is why Coinbase has added support to other digital assets such as Decentraland (MANA) and others.

As we wrote a few days ago, EOS is going to be making an important announcement on June 1 related to a social network that could be based on top of the EOS network. Nonetheless, we must wait some more hours before knowing what Block.One is thinking and planning for the next days.

Moreover, Michael Novogratz, a recognized Bitcoin (BTC) supporter and the founder of Galaxy Digital, said that they are a shareholder in Block.One and that they hold a large number of EOS tokens. Moreover, he said that they are very confident in Brendan Blumer and how he is leading the project.  

Try Out Binance Today

For over two years, UseTheBitcoin has done the research, covered the news, and helped readers find the best blockchain projects. The one thing we keep coming back to is Binance.

Binance has set itself apart as the best trading platform for beginners and experienced traders, and gives you hundreds of coins to invest in. Start trading today on Binance!

The Bear Market Report
Our Bear Market guide not only helps you survive this crypto winter, but also guides you through the foundation you'll need to thrive in the next bull run.