The leading US crypto exchange, Coinbase, has announced its decision to incorporate support for an alternative coin project that experienced substantial growth earlier this year.
Through a statement released on the social media platform X, Coinbase confirmed the addition of Core (CORE) to its trading platform. The announcement stated, “Core is now operational on Coinbase.com and the Coinbase iOS and Android apps. Coinbase customers can access the platform to purchase, sell, convert, send, receive, or store these assets.”
According to the project, Core is developed as a highly scalable smart contract platform to complement Bitcoin. The Core ecosystem features a Satoshi Plus consensus mechanism, non-custodial staking, and a native version of wrapped Bitcoin. Additionally, the project is compatible with the Ethereum Virtual Machine (EVM).
Over the past year, Core’s value plummeted to $0.36 in September 2023, but then surged to $3.79 in April 2024, marking a remarkable gain of over 900%. As of the current writing, Core, with a market cap of $1.18 billion, is trading at $1.32, representing a decrease of nearly 2% in the last 24 hours.
Furthermore, Core has also secured a listing on the South Korean-based cryptocurrency exchange Bithumb. A recent announcement from Bithumb revealed, “On June 24th, Core will be introduced to the won market. Core Trading Support: Supported market: Korean Won Market. Supported network: Core DAO. No deposits over other networks. Deposit starts 2024.06.24 (Monday) 03:00 p.m. Transaction/withdrawal start: 2024.06.24 (Monday) 05:00 p.m. Base price: 1,840 won. Number of deposit confirmations: 60.”
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