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COTI’s Value Increases By 65% After Its Listing On Coinbase Pro

source-logo  cryptoknowmics.com 27 August 2021 01:45, UTC
When Coinbase Pro, the largest digital asset exchange in the United States, published a statement confirming its listing for hours, COTI's price increased by 65% to a three-month high. COTI will be accessible for trading on the platform on August 26th at 9 a.m. Pacific Time (PT).

COTI's Value Rose By 65% Following Its Listing On Coinbase Pro

COTI (Currency of the Internet) is a blockchain-based system that aims to optimize digital payments by constructing a decentralized and scalable network that enables worldwide trade.

Its native coin will be available for purchase on Coinbase Pro, the largest US-based exchange. The business stated yesterday that COTI transactions into client accounts on the platform were now available.

Users will be able to communicate with COTI in supported jurisdictions, with a few exceptions, as with prior updates.

If liquidity criteria are satisfied, Coinbase said trading will start "on or after" 9 a.m. Pacific Time (PT) on August 26th.

“Once a significant supply of COTI is created on the platform, trading on our COTI-USD order book will begin in three stages,” namely post-only, limit-only, and full trading.

Listings On Coinbase And Coinbase Pro Are Frequently Use As Rapid Price Triggers

Listings on Coinbase and Coinbase Pro are frequently used as rapid price triggers.

COTI was similarly affected. Before the announcement, the asset was trading at $0.3, but its value increased by nearly 65% in a couple of hours to more than $0.49 after its listing on Coinbase Pro. 

This was its most expensive pricing in over three months.

Even though it has retraced since its top, COTI is still trading 33% higher than it was yesterday at $0.40. 

This contrasts with the market-wide correction that has driven BTC and other altcoins down in the last 24 hours.

Huobi provided another piece of information that might have influenced the price of the digital asset. Following Coinbase's lead, the popular exchange-listed COTI only day later.

cryptoknowmics.com