Coinbase To Support Avalanche ARC-20 Token For The First Time, Pangolin (PNG) Up 38.62%

Coinbase has announced that it will add support for Pangolin (PNG) on the Avalanche network, which is also the first Avalanche ARC-20 token offered by the exchange. If the liquidity conditions are met, trading will commence on or after 9AM PT on 6 October 2022.

In its recent announcement, Coinbase exchange announced that it will add support for Pangolin (PNG) on the Avalanche network. This is also the first time Coinbase has offered an Avalanche ARC-20 token.

Coinbase will now add support for PNGs with the Experimental label (for low trading volume tokens in the platform). This is to avoid the risk of their customers as much as possible, and customers can also be more thoughtful in making transactions with PNG.

According to the announcement, trading will begin on or after 9AM PT on 6 October 2022, if liquidity conditions are met.

Pangolin is a decentralized exchange (DEX) using the AMM model built on Avalanche’s blockchain. Pangolin offers you a fast exchange with low cost. Notably, Pangolin has a 100% PNG token distribution model for the community, which means that the project development team will not hold any PNG tokens.

After the listing information, the token recorded a “huge” increase, 38.62% in 24h. Currently trading at $0.1066.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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