In a move to further expand its offerings, Coinbase has announced the upcoming listing of Across Protocol (ACX) on its platform. The ERC-20 token, which operates on the Ethereum network, is expected to begin trading on August 21, 2024, provided that sufficient liquidity conditions are met.
Once the ACX token has gained enough traction and supply, Coinbase plans to introduce the ACX-USD trading pair in phases. This new listing marks a significant step for Coinbase as it continues to broaden its portfolio of supported cryptocurrencies.
News of the Coinbase listing sent the ACX token price soaring by as much as 14%. While the initial surge has since settled down, ACX is currently trading at $0.392 at press time. The listing is anticipated to bring increased visibility and accessibility to Across Protocol, potentially driving further growth in its adoption and value.
About Across Protocol
Across Protocol is a decentralized bridge that enables seamless transfer of assets across different blockchains. It aims to simplify the process of moving value between various networks, making it more convenient for users and developers. By bridging the gap between different ecosystems, Across Protocol has the potential to play a crucial role in fostering interoperability and expanding the utility of digital assets.
The listing on Coinbase represents a significant milestone for Across Protocol, as it gains exposure to a wider audience of cryptocurrency investors and traders. As the project continues to evolve and expand its capabilities, it will be interesting to see how its value and adoption develop in the coming months and years.
August 2024, Cryptoniteuae
