Coinbase Sparks Altcoin Rally After Listing Large-Cap Crypto Asset Built on Ethereum
A large-cap altcoin built on the Ethereum network is rallying after earning support from the leading US crypto exchange, Coinbase.
The price of Crypto.com Coin (CRO) is up 17.1% at time of writing, fueled by an announcement that the asset will be listed on Coinbase Pro.
The coin is designed to power Crypto.com’s mobile wallet and payments app and ultimately power an ecosystem that connects consumers and merchants around the world.
CRO is currently valued at $0.25, according to CoinGecko. The coin has witnessed a wild ride in 2021, beginning the year at $0.05 and reaching an all-time high of $0.27 in February before retracing to a low of $0.09 in June.
CRO is the 36th largest cryptocurrency by market cap. It initially launched on Ethereum and is now the native currency of the Crypto.com blockchain, which utilizes the Cosmos software development kit (SDK) and Tendermint consensus protocol.
Coinbase Pro specifically says it is listing the Ethereum-based version of the crypto asset, which will be paired with the US dollar, the euro, and Tether (USDT).
Coinbase says it has not yet determined whether the altcoin will also be added to the company’s retail platform, Coinbase.com.
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Author: Daily Hodl Staff
