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.

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Featured Image: Shutterstock / Sergey Nivens

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