Coinbase Bump Warning: US Exchange Announces Support for Crypto Asset on Custody Platform

A new Ethereum-based token is getting a big boost from Coinbase.

US top exchange only publishing that it now supports Rally deposits and withdrawals (RLY).

Coinbase is an investor in Rally, an incentive platform designed to allow people to easily create their own brand cryptocurrency on the Ethereum blockchain.

The network is designed to connect content creators and fans, who can buy, donate and hold the coin of their favorite creator.

The Rally network uses its RLY governing ticket to compensate local consumers, influencers, and ambassadors, settle transactions anywhere in the world, as well as vote on community proposals.

Since its addition to the platform, RLY token has increased 10.4% from $ 0.31 to $ 0.35 according to CoinGecko at the time of publication.

The project is also supported by a16z, Battery, Canaan, Kinetic, 1 Confirmation, Altos Ventures, SparkLabs and The House Fund.

Rally is the second crypto asset to be supported by Coinbase Custody in a month. Injection Protocol (INJ) rose 33% at the end of December after it was added to the platform.

Don’t Miss a Beat – Subscribe to receive crypto email alerts directly to your inbox

Follow us on Twitter, Facebook and Telegram

Check the Latest News Headlines

Disclaimer: Opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. You are advised that your transfers and trades are at your own risk, and that any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is the Daily Hodl an investment adviser. Note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock / Sergey Nivens