Coinbase Adds Support For MultiversX (Elrond)

The MultiversX (formerly Elrond) blockchain’s native token (EGLD), is now listed on Coinbase, the top U.S. cryptocurrency exchange by trading volume.

With the addition of this listing, 108 million people in more than 100 nations, including institutional entities, can now trade EGLD. Accordingly, it might be assumed that the listing will increase user access to the MultiversX (EGLD) ecosystem.

The Coinbase web and mobile product suite already accepts deposits and withdrawals of the EGLD cryptocurrency, according to a Coinbase tweet, and trading on the EGLD/USD pair began today.

This announcement, which also marks a significant achievement, comes after a series of strategic listings for EGLD, including significant placements in American markets. Elrond, launched in 2017, changed its name to MultiversX last month after declaring a big shift in emphasis to the developing metaverse market.

MultiversX (EGLD) is now trading at $44.8 according to data from Coincu. In comparison to other cryptocurrencies that were experiencing losses at the time of publication, the token had gained 2.76% during the past 24 hours. Additionally, EGLD is the 39th largest cryptocurrency with a market cap of more than $1 billion.

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