Amid the crypto market’s volatility, exchanges continue to update their listings by delisting potentially harmful tokens and adding support for the ones they are relatively confident about.
American crypto exchange Coinbase has revealed its plans to integrate two assets (ZETA and ACX) into its listing roadmap. It shared the announcement via a Friday post on X, as it looks to expand its platform’s offerings and broaden user access to innovative digital assets.
The crypto market started out this week on a scary low. However, it has since recovered some of those earlier losses, with Bitcoin having now surpassed the $60,000 psychological mark.
Coinbase Scopes Out Zetachain (ZETA) and Across Protocol (ACX)
Amid this volatility, crypto exchanges continue to update their listings by delisting potentially harmful tokens and adding support for the ones they are relatively confident about.
It appears that it is in view of this that Coinbase made the recent announcement about adding Zetachain (ZETA) to its listing roadmap. Usually, when the exchange makes such an announcement, it uses the time to study a token for a while before eventually listing it once it passes routine check.
Zetachain, a Layer 1 blockchain, is designed to tackle one of the most pressing issues within the crypto space: interoperability. As is well known, traditional blockchains often operate in isolation. This reality creates barriers to communication and transactions between different networks.
However, Zetachain comes with robust architecture that supports extensive cross-chain interactions, satisfying one of Coinbase’s many curiosities. Besides, a major component of the chain’s functionality is its advanced smart contract platform. All these not only help ZETA simplify interactions across various blockchain networks but also improve the overall efficiency and user experience of blockchain-based applications.
Similarly, Across Protocol (ACX) comes on board with its own innovative solution for managing cross-chain transactions. It operates on an Optimistic Rollup basis, offering a high-performance bridging mechanism designed to facilitate cost-effective and secure transfers between different blockchain networks.
Optimistic Rollups are known for their ability to scale blockchain operations efficiently by increasing transaction throughput while minimizing latency and costs. This makes Across Protocol a valuable tool for improving liquidity and unifying operations within the decentralized finance (DeFi) ecosystem.
By and large, the new additions appear to tick all the right boxes for them to be listed on the Coinbase exchange.
Surge of Surges
Coinbase’s announcement has led to an almost instantaneous rally in the respective token prices.
ZETA price, for instance, has made a strong move from $0.44 to $0.53. At the time of writing, ZETA was seen trading at $0.5368, up more than 23.04% in the last 24 hours. Meanwhile, the token’s trading volume has also seen a massive increase of 255.79%, showing a fast-growing interest in ZETA among investors and traders.
The price of ACX has started rising as well. The altcoin made a climb from its intraday levels of $0.32 to $0.3751. At the time of writing, though, ACX was trading at $0.3646, up just over 13% on a daily basis. ACX’s trading volume also saw a massive increase of 273%.
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