Exchange Giant Coinbase Lists Major Ethereum Rival, Spurring Short Price Explosion

Exchange Giant Coinbase Lists Major Ethereum Rival, Spurring Short Price Explosion

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Top US-based crypto exchange Coinbase is adding Ethereum challenger Hedera (HBAR) to its roster of supported digital assets.

Coinbase says that the token of the most widely-used enterprise grade public network for decentralized applications is already live on its platforms.

“Hedera (HBAR) is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store this asset.”

The second largest crypto exchange platform by trading volume is rolling out support for HBAR amid growing use cases for the blockchain.

In January, Hedera announced that aviation technology firm Neuron Innovations tapped into its blockchain technology to test new methods of air traffic control in the United Kingdom. The trial was sponsored by the government’s department for Business, Energy and Industrial Strategy (BEIS).

During an interview with crypto influencer Scott Melker last month, Hedera co-founder Mance Harmon said that law firm DLA Piper’s tokenization platform TOKO and packaging material company Avery Denison’s cloud-based platform atma.io both showcase the applications of the layer-1 blockchain.

The price of HBAR spiked following its Coinbase listing. At time of writing, the crypto asset is trading for $0.0636, up by 5.92% over the last 24 hours.

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Featured Image: Shutterstock/Krissssss

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