The Coinbase cryptocurrency exchange has added support for the IoTeX (IOTX), Orion Protocol (ORN), Tribe (TRIBE) and TerraUSD (UST) cryptocurrencies based on the Ethereum network.
IOTX, ORN, TRIBE & UST are launching on https://t.co/bCG11KMQ6s & in the iOS & Android apps within the next 15 mins. You may need to update your app to buy, sell, convert, send, receive or store IOTX, ORN, TRIBE & UST. We will update when all are live. https://t.co/4VlE7uQtM6
The assets are available to users through the company's online platform and applications for Android and iOS. Coin trading is also supported on the Coinbase Pro platform.
After the start of trading on Coinbase, the quotes of the IoTeX platform token, designed to connect "Internet of Things" devices and decentralized applications, jumped by almost 42%. The IOTX exchange rate from the opening price of $0.116 at the moment reached $0.165. However, during the subsequent fall, the asset rate fell to $0.108 at the time of writing.
The coin of the Orion Protocol project, which aims to combine liquidity from centralized and decentralized exchanges on one platform, has also risen in price since the opening. The price of ORN rose from $9.9 at the moment to $10.48. After the correction, the token is trading at about $9.7.
Tribe (TRIBE) is a Fei protocol management token that issues a decentralized stablecoin pegged to the dollar called FEI. The price of TRIBE on Coinbase followed the already described trajectory-an increase from $0.756 to $0.808, and then a correction. At the time of writing, the quotes are about $0.73 below the opening price.
The decentralized stablecoin TerraUSD (UST) is equivalent to one dollar. The coin is not supported by reserves in fiat or securities. To issue one UST, you need to burn a reserve asset of Terra (LUNA) in the amount of $1.
Recall that in the second quarter of 2021, Coinbase received revenue of $2.2 billion against the background of a falling market.