Coinbase Pro account users will soon be able to trade Avalanche (AVAX) tokens on the platform, the exchange said in a blog post on Sept. 29.
Users of Coinbase Pro may immediately deposit C-Chain AVAX tokens into their accounts, and AVAX trading will commence “on or after” 9 a.m. Pacific time on Sept. 30, if the platform's liquidity criteria are fulfilled. The asset is not yet accessible on Coinbase's regular platform or consumer applications, according to the firm.
Coinbase explains on its blog that “C-chain Avalanche addresses begin with ‘0x'.” “Sending Avalanche on P-chain or X-chain, as well as any other asset, to a Coinbase Pro wallet will result in irreversible loss.”
Ava Labs created Avalanche, a proof-of-stake blockchain. Polychain and Three Arrows Capital sponsored a token sale that generated $230 million for Avalanche.
AVAX tokens will be listed on Coinbase Pro, as well as other exchanges such as Binance and BitPanda.
In a Twitter post, Avalanche stated, "This listing improves the accessibility of #Avalanche to a wider group of users, including those in the US."
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