Crypto Giant Coinbase Lists Ethereum-Based Exchange Altcoin on Retail Trading Platform

Another Ethereum-based exchange altcoin is now available across crypto giant Coinbase’s full retail platform.

Coinbase’s customers can now buy, sell and store Voyager Token (VGX), the native token of centralized exchange Voyager, on Coinbase.com and the exchange’s mobile apps, according to a new announcement from the company.

Coinbase Pro listed VGX on Wednesday. The crypto asset is up 41% in the past seven days but down nearly 10% in the past 24 hours. It’s trading at $3.83 at time of writing, down from a weekly high of $4.29, which it hit earlier in the day on Friday.

Voyager says that VGX is a liquid token that provides utility across its platform. Participants can earn interest by staking VGX or using the token to enable instant transactions, receive fee discounts and earn rewards for trading.

Voyager itself is a mobile broker that supports the trading of more than 60 crypto assets.

Coinbase added support for VGX amid a flurry of new altcoin listings on Coinbase Pro. The exchange’s chief executive, Brian Armstrong, noted in July that they plan to list as many altcoins as possible.

“Reminder about how Coinbase lists assets: our goal is to list *every* asset where it is legal to do so.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Coinbase Adds Crypto Exchange Token to Arsenal of Altcoins, Triggering 50% Rally

Popular US-based crypto trading platform Coinbase Pro is adding another altcoin amid a flurry of new inclusions this week.

According to a Coinbase announcement, Voyager Token (VGX), the Ethereum-based coin of centralized exchange Voyager, has been added to Coinbase Pro. VGX is not yet available on the Coinbase retail platform or mobile app.

According to Voyager, VGX is a liquid token that provides utility across its platform. Participants can earn interest by staking the coin or using the token to enable instant transactions, receive fee discounts, and earn rewards for trading.

The announcement of the Coinbase Pro listing nearly sent Voyager to the moon. VGX saw an approximately 52% price jump from $2.76 on Tuesday to a local high of $4.21 on Wednesday. The crypto asset has since corrected, trading at $3.61 at time of writing.

The announcement comes after Coinbase launched support for five other altcoins this week, including Alchemix (ALCX), Ethereum Name Service (ENS), Gala Games (GALA), Power Ledger (POWR), and GYEN, a stablecoin pegged to the Japanese yen.

Though many crypto trading platforms such as Voyager have begun launching their own blockchains and cryptocurrencies, Coinbase recently said they decided against doing so due to a preference for decentralization.

As Coinbase CEO Brian Armstrong says,

“I’m kind of glad we didn’t [launch our own chain] because I don’t like the idea of there being a Coinbase Chain.

I like the idea of chains being much more decentralized than that.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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