Coinbase, one of the largest cryptocurrency exchanges around the world, announced that EOS was live on Coinbase.com, and its iOS and Android app for buying, selling, converting, and storing.
The announcement on Twitter stated,
“EOS is now live at (link: http://www.Coinbase.com) Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive, or store EOS.”
Notably, the blog post that carried the announcement stated the exchange would not be providing these services for customers in the United Kingdom and New York as of now. The listing of this coin was a part of its “new process of listing assets”, which was announced in September 2018 due to the increasing demand from the customer’s behalf.
This aside, EOS Cafe Block also made an announcement pertaining to the development progress of EOS. In a blog post, the team announced the launch of EOS Domain Name System, EOS DNS, its Decentralized Website Domain. The blog post stated,
“EOS DNS (Domain Name System) allows you to connect your unique EOS account name to an EOS domain, giving every user with an EOS account access to an eos domain.”
According to CoinMarketCap, at press time, the fifth largest cryptocurrency was trading at $7.893 with a market cap of $7.239 billion. The trading volume of the coin was around $4.045 billion and recorded a significant rise of around 32 percent in the past seven days.
Interestingly, Coinbase was also in the news earlier today as news of the exchange looking into launching margin trading service was reported by The Block. This was confirmed by Emilie Choi, the VP of Business, Data, and International at Coinbase, who stated,
“Margin lend borrow is definitely going to be a next big step for us, especially on the active trader side […] We still need to figure that out because there’s not a lot of regulatory clarity there right now in the US. And so that that is being discussed.”
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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.