Coinbase Now Supports Cryptocurrency Token EOS

elandicaprio
2022-10-21 11:59:03

Major United States-based cryptocurrency exchange and wallet service Coinbase has added support for EOS, according to a press release on May 30.

The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time.

The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions.

EOS is one of the largest cryptocurrencies recently added to the exchange — with a market cap of over $8 billion — since Ripple’s token XRP was added in February. Coinbase also recently added support for two more tokens, stablecoins dai and USD Coin (USDC).

Earlier in May, Coinbase also expanded its global offerings, with announced trading support for over 50 new jurisdictions and an educational program with small crypto payments, Coinbase Earn, that is available in over 100 countries.

tylerwinklevoss
2022-10-21 12:03:23

It sounds like listing on Coinbase is on trend at the time being. EOS is undoubtedly a good coin. Listing on Coinbase for whatever reason is like a recognition to EOS. However I expect more from EOS after this milestone. The most advanced coin according to Weiss Rating should do more than just some cheap Dapp and exchange listing.