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- Flare tokens are listed on Coinbase for the previous XRP holders.
- Coinbase will be announcing the FLR trading launch soon.
Considering the CoinMarketCap, Flare is substantially surging in price to $0.0365 at a 5.51% increase in rate. The trading volume corresponds to $35,234,561 in the last 24 hours with a 0.04% market dominance. Meanwhile, Coinbase opts to announce the FLR trading launch by starting the FLR token distributions for the previous XRP holders as said before.
Coinbase To Launch FLR Trading
Coinbase, one of the major crypto exchanges has confirmed supporting FLR tokens on the Flare Network. In detail, it is said that the FLR deposits including inbound transfers are enabled in certain regions where asset trading is supported. Also, Coinbase mentioned not to send the Flare assets to any other networks where the funds may get lost.
As declared once, Coinbase will be revealing the FLR trading launch soon, supporting XRP holders by taking over them on Flare’s platform. The Flare airdrop distribution started today with suspended withdrawals thereby beginning the trading once the liquidity is satisfied enough.
Coinbase has now begun the Flare (FLR) token airdrop distribution for eligible users on https://t.co/Zkd27RUMRo simple & Advanced Trade & @CoinbaseExch in all approved jurisdictions. https://t.co/Jn1mmzEl6e
— Coinbase Assets (@CoinbaseAssets) April 11, 2023
The airdrop distribution of the FLR token is established successfully on Coinbase in a simple and advanced trading way. As the customers of Flare expand, Flare started welcoming its new community members to improve the speed of the network.
Though the Flare initially kickstarted on the XRP ledger, it moved to make a transition to Flare Network’s Layer1 blockchain. This intensified Coinbase to relist XRP on them yet Paul Grewal, the Chief Legal Officer of Coinbase put forth an investment contract. However, Coinbase’s takeover contributes to the FLR token price surge successively.