Four altcoins are rallying after receiving a sudden burst of industry support.
In a new blog post, Coinbase announces that consumers can now deposit Aave, Bancor (BNT), and Synthetix (SNX) into their Coinbase Pro accounts.
Support for all three altcoins will be available in all supported jurisdictions except New York state. If liquidity conditions are met, trading will begin on December 15th at or after 9:00 am Pacific time.
AAVE, BNT, and SNX all rallied in the days leading up to and following the announcement of Coinbase support.
Cross-chain cryptocurrency conversion protocol Bancor is up 28% in the last 24 hours. BNT has soared from a minimum of $ 0.93 on December 11th to a peak of $ 1.33 today, rising over 37% in less than a week.
The DeFi liquidity and trading protocol of Synthetix derivatives is up 11% in the last 24 hours. SNX rose over 26% from a low of $ 4.10 on December 11th to a peak of $ 5.30 today.
Devolved funding lending platform (DeFi) Aave is up 7% in the last 24 hours. It has continued a strong move from a low of $ 71.04 on December 11th to a peak of $ 89.07 today – representing an increase of over 25% in four days.
Coinbase highlights that AAVE, BNT, and SNX are only available on Coinbase Pro. The crypto exchange says it will make a separate announcement should it decide to list the three crypto assets on Coinbase.com.
Meanwhile, global exchange Binance says it is teaming up with Chiliz, a fintech blockchain company that seeks to help sports organizations monetize their audience.
Chiliz operates Socios.com powered by the CHZ utility ticket. Sports franchises around the world can sell fan tickets on the Socios platform to allow fans to take part in exclusive polls and polls. Binance notes that over 14 million fan tickets have been sold in the last 12 months with over 700,000 votes registered on the Chiliz blockchain.
Hours after Binance’s announcement, CHZ scored 17%. It’s up nearly 40% from a low of $ 0.0114 on December 11th to a peak of $ 0.0159 today.
Binance says it will add support for two fan tickets.
“Binance will then list Paris Saint-Germain Fan Tokens (PSG) and Juventus Fan Tokens (JUV) in the innovation zone in 2020/12/21 6:00 AM (UTC) and open trading for PSG / BTC, PSG / USDT, PSG / BUSD, JUV / BTC, JUV / USDT and JUV / BUSD trading pairs. “
In addition, the crypto exchange will also launch a pool for PSG and JUV tokens. Consumers will be able to win new ticket prizes by keeping their Binance Coin (BNB), Binance USD (BUSD), and CHZ tokens separate pools.
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