Coinbase Launches Parallel Token PRIME
It is reported that Coinbase announced that it will launch the Parallel token PRIME. If the liquidity conditions are met, the transaction will start at or afte…
It is reported that Coinbase announced that it will launch the Parallel token PRIME. If the liquidity conditions are met, the transaction will start at or after 11:00 Pacific time on March 1.
Coinbase announced that it will launch Parallel token PRIME
Interpretation of the news:
Coinbase, the cryptocurrency exchange platform, recently announced the launch of a new token: Parallel token PRIME. According to reports, the token’s transaction will start on March 1st, provided that liquidity conditions are met.
This move comes as no surprise given that Coinbase has always been at the forefront in the cryptocurrency industry, continuously seeking new ways to improve its services. The launch of Parallel token PRIME is part of the platform’s latest effort to serve its clients better.
Parallel token PRIME is one of the newest entrants into the ever-growing list of cryptocurrencies, and its emergence is causing a lot of excitement among crypto enthusiasts. Most importantly, the token will be available for trading to users with Coinbase’s professional exchange, Coinbase Pro.
The platform users must have enough PRIME before they can access the token’s full functionality, and they can deposit the token into their account once trading begins. Additionally, according to Coinbase, PRIME tokens will not be available for trading on the Coinbase retail platform – it will only operate on Coinbase Pro.
The announcement of Coinbase’s decision to launch PRIME has caused a lot of buzz in the cryptocurrency industry. Traders and investors are eagerly anticipating the launch, as it is expected to create liquidity conditions that will facilitate easy trading. The move is also expected to boost the profile of the company and consolidate its standing as one of the leading cryptocurrency exchange platforms in the world.
Given the unpredictability of the cryptocurrency industry, investors and traders must look to diversify their portfolio by investing in different tokens. Launching PRIME is a strategic move for Coinbase as it provides clients with access to a new token while also boosting the company’s revenues.
In conclusion, the launch of Parallel token PRIME by Coinbase is a significant move, and it will shape the future of cryptocurrency trading. The token is expected to create liquidity conditions that will facilitate easy trading, and its availability on Coinbase Pro ensures that it will reach a more significant number of traders and investors.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4343/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Potential Delay in Federal Reserve’s Target Interest Rate Recovery Due to Rising Inflation
On February 21, according to the Bitlinex Alpha report, data showed that the Federal Reserve may raise interest rates by more than 25 basis points in the futur…
-
OKX Upgrades Proof of Reserves with Zero Knowledge Proof and Full Reliability Tree Disclosure
On March 2, OKX announced that it would upgrade its PoR in the next few months, including full reliability tree disclosure and zero knowledge proof (ZKP) for P…
-
Trump Digital Trading Cards NFT Floor Price Surge: A Closer Look
According to reports, after the news that Trump is facing criminal charges spread, Coinsecko data shows that the price of the \”Trump Digital Trading Cards\” NFT floor has increased
-
Avalanche Blockchain Transactions Skyrocket by 1500% in 2022
It is reported that the number of transactions on the Avalanche blockchain in 2022 increased by 1500% compared with 2021.
Nansen: The number of transac…
-
Time Machine: A Revolutionary Tool for Liquidity Providers on DEX SyncSwap
On March 31, the DEX SyncSwap based on zkSync tweeted that Time Machine had been introduced to allow liquidity providers to track the performance of liquidity positions, including
-
Huobi Announces APED Coin Charging and Withdrawal Business
On April 19th, according to the official announcement of Huobi, the platform will open APED coin charging business at 18:00 (GMT+8) on April 19th and APED coin withdrawal business
-
Storybook Brawl’s Shutdown: A Look at What Happened
According to reports, the digital card game Storybook Brawl will shut down its server on May 1st. Its co founder, Matthew Nass, issued a statement on its Discord server on Tuesday
-
What is Bitcoin Zhihu (What is Bitcoin)
What is Bitcoin Zhihu according to Zhihu news, and what is Bitcoin? Zhihu is an open platform to answer all questions about Cryptocurrency. Users can view their wallet address and related activity records when conducting transactions using Zhihu’s blockchain browser and node software; Based on the user’s BTC balance and other information (such as sending it to friends or family), a specific number of wallet IDs can be obtained, and a snapshot of the assets in that account can be taken About what Bitcoin is, there have been some statements on the Internet: “You can access a decentralized network through the network”, but these “Bitcoin” are not real Bitcoin, “Bitcoin is a digital token, a new technology that people use to buy, sell and Exchange value.” What is BitcoinWhat is Bitcoin In the past few years, people’s understanding of special currency has undergone a significant transformation. Although many people compare Bitcoin to “digital gold”, most people do not understand it…
-
Klaytn Goes Through a Hard Fork Upgrade: What It Means for Investors
On April 13th, it was announced that the Korean blockchain project Klaytn will undergo a hard fork upgrade on block number 119750400 (April 17th), while destroying approximately ha
-
“Zero Yuan Purchase” Phishing Attack on Blur NFT Market Revealed by Scam Sniffer
It is reported that recently, Scam Sniffer, the partner of Slow Fog Ecological Security, demonstrated a \”zero yuan purchase\” phishing attack test against the B…
-
When can BAG go online?
When can BAG go online? When can BAG go online?BAG\’s official website release:
-
Aura Network Secures $4 Million in Pre-A Round Financing for Ecological Development
On February 15, it was reported that the Cosmos Ecological NFT Blockchain Aura Network completed a pre-A round of financing of US $4 million, which was led by …
-
Huobi announces Support for Rock DAO
According to the official announcement of Huobi, Huobi supports replacing the pGALA on the site with Rock DAO, and will launch the online ROCK for the first time on the entire netw
-
Meta Platforms to Implement Major Layoffs
It is reported that Meta Platforms: it is expected to lay off about 10000 people and suspend the recruitment of about 5000 positions. It is expected that the layoff plan of the technical team will be announced in late April, which will further reduce the size of the recruitment team. It is expected that the layoff plan of the commercial team will be announced at the end of May, aiming at optimizing the proportion of engineers. Meta Platforms: It is estimated that about 10000 people will be laid off Analysis based on this information:Social media giant, Meta Platforms (formerly known as Facebook) is expected to lay off about 10,000 employees and suspend the recruitment of around 5,000 positions. The company plans to optimize its workforce by reducing the technical team and prioritizing its engineering team. The layoff plan, which is expected to be announced in late April, will further reduce the size of the recruitment team, while the commercial team…
-
Ripple has purchased XRP worth nearly $11 billion since being sued by the US SEC
According to reports, data shows that Ripple has purchased nearly $11 billion worth of XRP since being sued by the US Securities and Exchange Commission (SEC). According to the com
-
#Digital Asset Trading Company Crossover Markets Raises $6.35 Million in Seed Round Financing
According to reports, digital asset trading company Crossover Markets completed a seed round financing of US $6.35 million, with Two Sigma, Flow Traders, Laser Digital, and Winter