- Coinbase Professional is itemizing 4 tokens – ENJ, 1INCH, OGN and NKN
- All 4 tokens reached new all-time highs due to the itemizing announcement
- The tokens will begin buying and selling on Friday (April 9) if ample liquidity is established on the alternate
Coinbase Professional is itemizing ENJ, 1INCH, OGN and NKN
The Coinbase Pro alternate made waves within the crypto markets at present after announcing that it’s going to listing 4 tokens on its platform. The latest additions to Coinbase Professional are 1INCH (1INCH), Enjin Coin (ENJ), Origin (OGN) and NKN (NKN). Holders can already deposit these tokens to Coinbase Professional, and the alternate plans to launch buying and selling on Friday (April 9) for tokens that meet its liquidity requirements.
For now, the newly-listed tokens are solely obtainable for buying and selling on Coinbase Professional and never on Coinbase.com or the corporate’s cellular app. Sometimes, Coinbase makes tokens listed on Coinbase Professional obtainable on its consumer-oriented platforms inside just a few weeks of the Coinbase Professional itemizing, however the firm makes no ensures that this can occur for any specific itemizing.
The “Coinbase Impact” is a time period used within the crypto neighborhood to explain the value surges that cryptocurrencies often see when they’re listed on Coinbase (Professional). Immediately was no completely different – all 4 tokens added to Coinbase Professional at present are having fun with important value will increase. In reality, all 4 of the tokens have posted new all-time highs due to Coinbase Professional’s announcement. ENJ, the most important token of the bunch, climbed into the cryptocurrency prime 50 and is now buying and selling above $3 for the primary time in its historical past.
Coinbase Professional is an alternate designed for extra superior merchants that’s operated by United States-based cryptocurrency firm Coinbase. The corporate has been within the information so much not too long ago due to its upcoming itemizing on NASDAQ, which many analysts are describing as a major milestone for the cryptocurrency trade. Just a few days in the past, Coinbase launched its Q1 2021 earnings estimates, through which it revealed that it generated $1.8 billion in whole income, greater than it did within the entirety of 2020. Within the quarter, Coinbase made a revenue of between $730 million and $800 million.