Avalanche: AXAX go green with decentralized alternative exchange after Coinbase Listing Announcement
US-based crypto exchange giant Coinbase is adding the first Avalanche (AVAX)-based token to its list of altcoins.
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The largest digital asset exchange in the US. The US announced that it will support Pangolin (PNG) trading from October 6 once liquidity conditions are met.
The token is owned by the Pangolin decentralized exchange (DEX), which runs on the Avalanche network. The platform allows users to trade, stake, farm, and aggregate crypto assets from different blockchains.
“Coinbase will add support for Pangolin (PNG) on the Avalanche network. Pangolin (PNG) is the first Avalanche ARC-20 token to be offered on our exchange. Do not send this property through other networks or you will lose your funds.
Upcoming transfers for this asset are available on Coinbase and Coinbase Exchange in regions that support trading. "
Coinbase says that PNG will carry an experimental asset token that the exchange assigns to new tokens supported on the platform or those with relatively low trading volume. Coinbase may delist tokens based on market conditions.
"We continually monitor content on our platform and may remove labels when content no longer meets criteria."
According to Coinbase's announcement, the price of Pangolin has increased by more than 33% in the last 24 hours. At the time of writing, the property is changing hands for $0.108.
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