Goldfinch protocol makes a swift entry to Coinbase trading platform with native token setting itself up for a skyrocketing rally.
A day after its successful listing on the Coinbase Pro crypto exchange, Goldfinch Protocol (GFI) lands on the most popular crypto exchange Coinbase.com. On Wednesday, January 12, the crypto trading platform made the official announcement noting:
“Starting today Goldfinch Protocol (GFI) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store GFI in most Coinbase-supported regions.”
Goldfinch Protocol Price after Coinbase Listing
The announcement was enough to fuel a further rally in the price of GFI. On the news of the Coinbase listing, the GFI price skyrocketed by an additional 75% on Wednesday. The GFI price touched an intraday high of $15 and is currently trading at a price of $13.53.
Goldfinch Protocol (GFI) is an Ethereum-based token and a native cryptocurrency of the Goldfinch platform. The Goldfinch platform is a decentralized credit protocol used for extending business loans to users without collateral.
Using the GFI token, users can vote on the future developments of the Goldfinch platform. Besides, the protocol auditors can also stake their GFI tokens to receive rewards.
Coinbase Pro Adds Support for More Tokens
On Wednesday, January 12, the Coinbase Pro platform added support to a bunch of a few more tokens. the announcement reads:
“Starting Today, Wednesday January 12, transfer INV, LQTY, NCT AND PRO into your Coinbase Pro account ahead of trading. Support for INV, LQTY, NCT AND PRO will generally be available in Coinbase’s supported jurisdictions with certain exceptions.”
- Inverse Finance (INV) is an Ethereum-based token powering the Inverse Finance platform, a decentralized platform for lending, borrowing, and creating synthetic assets.
- Liquidity (LQTY) is another Etheruem token powering the Liquidity Protocol. This protocol serves as a decentralized borrowing platform offering 0% interest loans against Ethereum as a collateral. The platform provides loans in stablecoin LUSD.
- NCT is an Ethereum token powering the PolySwarm platform. It is a community and network for detecting malware. The platform rewards its users in NCT for providing relevant cybersecurity data.
- PRO powers the Propy platform for international real estate transactions. The announcement notes: “The PRO token is used to pay for platform fees such as for modifying and creating title and deed contracts”.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
This news is republished from another source. You can check the original article here