Coinbase Now Supports Tezos Trading On Apps and Online

Major cryptocurrency exchange Coinbase has announced that it is now supporting Tezos (XTZ) trading on its site, as well as on Android and iOS versions of the Coinbase app. 

Expanded Coinbase Pro listing

Coinbase announced the new development in an official blog post on August 8. The news comes just days after Coinbase Pro launched XTZ trading on August 5. That announcement prompted a major rally in XTZ’s price at the time. 

According to CoinMarketCap, Tezos’s price has increased by 11.9% on the day as of press time, which may be a function of this new announcement. 

Chart courtesy of CoinMarketCap

Per the announcement, Coinbase customers will be able to buy, sell, convert, send, receive, or store XTZ freely, with the exception of customers based in New York State, which has proven to be a major site of crypto litigation. Earlier today, Coinbase Custory announced that they had added two new board members with experience in New York’s banking and financial ecosystem.

While Coinbase Pro is advertised as a platform designed for professional traders, Coinbase itself caters to a wider audience.

Expanding other options

Also on August 5, Coinbase announced that it is exploring support for eight other digital assets, including Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic (MATIC), Harmony (ONE), Ontology (ONT) and Waves (WAVES). At the time, Coinbase was careful not to guarantee future support for any of the named assets in any particular jurisdiction.