Tezos rose almost 30% after listing on Coinbase

The leading US cryptocurrency platform Coinbase announced the start of support for Tezos (XTZ), after which the price of the coin rapidly went up, rising to Wednesday morning, July 31, by almost 30%.

The company said that users of the Coinbase Pro trading platform will be able to make deposits in XTZ from August 5, and after creating enough liquidity, the gradual opening of XTZ / USD and XTZ / BTC markets will begin.

XTZ / USD, and XTZ / BTC, our order transfer will be in the supported regions. Orders cannot be placed or filled. For a minimum of 12 hours. https://t.co/PDrccf2Nww

– Coinbase Pro (@CoinbasePro) July 30, 2019

As in the previous cases, the new asset will not initially be available to users of the Coinbase.com main site and mobile applications, however, it can be expected that this will occur at a later stage.

Against the background of the news on listing on Coinbase Tezos rapidly began to grow in price. If on Tuesday the coin was trading around $ 1, by Wednesday morning its price rose to $ 1.29.

Earlier in July, it became known that the fifth largest bank in Brazil, BTG Pactual, and Dalma Capital’s Dubai-based asset manager, will use the Tezos blockchain to hold security tokens (STO). It is expected that the volume of operations will exceed $ 1 billion.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.