Two Ethereum-Based Altcoins Jump After Crypto Exchange Coinbase Announces Support

Leading US crypto exchange Coinbase is officially rolling out trading services for two digital assets that were recently added to its listing roadmap.

In a new announcement, Coinbase says that Aurora (AURORA) will be available accompanied by the “Experimental” label, which the exchange applies to “assets that are either new to our platform or have relatively low trading volume compared to our broader crypto marketplace.”

Aurora was designed by the team behind the layer-1 scaling solution Near Protocol (NEAR). As an Ethereum Virtual Machine (EVM), Aurora is fully compatible with Ethereum (ETH) while also offering developers a turn-key solution with low transaction costs.

The ERC-20 AURORA governance token was approved and created by the project’s decentralized autonomous organization (DAO).

Aurora has experienced some choppy price action over the past week, currently up by nearly 10% on the day and trading for $1.34.

Also joining Coinbase in the experimental category is MXC, an IoT (Internet of Things) project that is attempting to crowdsource a global data network for the “devices of tomorrow.”

The MXC Foundation operates the Meta X Connect network and is focused on successfully growing the infrastructure of Web 3.0.

According to the project website, MXC has connected over 63,000 devices and collected more than 60 terabytes of data.

Utility token MXC is also an ERC-20 asset used to power device transactions on the project’s peer-to-peer Supernode network, which acts as a relay and proxy server to handle data flow.

At time of writing, MXC is up 7.77% over the past 24 hours and priced at $0.076.

Coinbase initially announced it was adding AURORA and MXC to its listing roadmap on August 22nd. The exchange created the roadmap earlier this year to increase transparency and reduce the risk of insider trading.

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Featured Image: Shutterstock/Shchaslyva Tetiana/Fotomay

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