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Coinbase Pro Now Support Four New Crypto Assets: AXS, REQ, TRU, WLUNA

UTC by Sanaa Sharma · 3 min read
Coinbase Pro Now Support Four New Crypto Assets: AXS, REQ, TRU, WLUNA
Photo: Shutterstock

The crypto assets can be added specifically to the Coinbase Pro accounts as of now. They have not been enlisted on Coinbase.com or via the Consumer Mobile application.

On the 11th of August, Coinbase Pro launched four new crypto assets on its exchange platform, the trading for which will commence on August 12 after 9 AM (Pacific Time). The four crypto assets added by Coinbase Pro are, namely, Axie Infinity (AXS), Request (REQ), TrueFi (TRU), and Wrapped Luna (WLUNA).

Coinbase reported the launch on its blog, wherein it requested the users to transfer the crypto assets onto their Coinbase Pro account ahead of trading. The trading would start only after the liquidity conditions were met.

The blog elaborated on the rising demand from its users to bring more crypto assets to the table while trading. The company has been repeatedly supporting and launching new assets to its platform through its listing process. It had recently added trading support for IoTeX (IOTX), Orion Protocol (ORN), Quickswap (QUICK), Tribe (TRIBE), TerraUSD (UST), Alchemy Pay (ACH), PlayDapp (PLA), Rai Reflex Index (RAI), Harvest Finance (FARM), Fetch.ai (FET), Paxos Standard (PAX) and Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer (LPT), Quant (QNT), Chiliz (CHZ), Keep Network (KEEP), Polkadot (DOT) and Solana (SOL).

Axie Infinity (AXS) is an Ethereum token that drives Axie Infinity, an NFT-based online video game developed by Vietnamese studio Sky Mavis. AXS holders can potentially receive awards for staking their tokens and playing the Blockchain-based game. The NFT collection is the most expensive collection at present, with more than $42Mn in sales in June 2021.

Request (REQ), on the other hand, is an Ethereum token that drives the Request Network. This is a decentralized payment system wherein people can send and request payments safely. Transactions on this network are unchangeably saved and the requests are executed without any mediator.

TrueFi (TRU) is an Ethereum backed token that drives TrueFi, a DeFi protocol for transparent and steady, uncollateralized lending that works with on-chain credit scores. TrueFi also establishes a reward mechanism using TrustTokens(TRU), which rewards people for maintaining high and less volatile ARPs.

Wrapped Luna (WLUNA) is an Ethereum token that is considered to characterize Terra (LUNA). The token is built to track and follow LUNA’s value and was created to enable LUNA owners to hold, exchange, and take part in DeFi applications on Ethereum Network. With the help of a WLUNA partner, one can trade 1 LUNA for 1 WLUNA.

The crypto-assets can be added specifically to the Coinbase Pro accounts as of now. They have not been enlisted on Coinbase.com or via the Consumer Mobile application.

Altcoin News, Blockchain News, Cryptocurrency news, News
Sanaa Sharma
Author Sanaa Sharma

Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.

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