American cryptocurrency exchange Coinbase has announced the potential listing of zkSync (ZK), causing a visible uptick in market valuation. Precisely, the publicly listed company added the ZK token to its roadmap, suggesting imminent listing for the Ethereum Layer 2 scaling solution.
zkSync Crypto Awaits Coinbase Verdict
Noteworthy, traders and investors are not allowed to transfer and trade any asset under consideration on Coinbase. Also, getting on the list is no assurance that a token will eventually get listed. In fact, a Coinbase blog post noted that an asset could face delays or removed from consideration for listing for any number of reasons.
While the listing is not finalized, making it to Coinbase could serve as a major win for the zkSync ecosystem. The price of the digital asset could jump from its current level at $0.1005 toward a new all-time-high (ATH). About two months ago, leading cryptocurrency exchange Binance expanded support for the ZK token. It listed its new trading pair alongside that of dogwifhat (WIF) and LayerZero (ZRO).
In June, commission-free crypto trading platform, Robinhood, also announced its intention to launch zkSync trading along with an airdrop plan. This potentially set the stage for ZK price surge. In the days and weeks that followed, the cryptocurrency saw increased interest and trading volumes rally.
As a top cryptocurrency exchange, this news from Coinbase may force a new ZK price movement. It is currently up by 3.6% in 24 hours with a low price of $0.09858 and a high of $0.1045.
Coinbase Listing Trend Over the Past Months
Coinbase has engaged in many token support in recent times, either under consideration like zkSync or an outright listing. On Thursday, Coinbase announced support for two major altcoins: Immutable and Flow Perpetual Futures. Consequently, both altcoins will notch a perpetual futures listing IMX- PERP and FLOW- PERP on Coinbase International and Advanced platforms.
Similarly, the Brian Armstrong-led exchange showed its support for Across Protocol (ACX) in August. At the same time, it highlighted a potential launch of the ACX-USD trading pair in phases once it hit the sufficient supply target. This listing led to a 14% price pump for the digital asset.
In that same month, Zetachain jumped 17% as it entered the exchange’s listing roadmap.
The post zkSync Eyes Breakout As Coinbase Confirms Potential Listing appeared first on CoinGape.
from CoinGape https://ift.tt/TEWN17l
via IFTTT