Coinbase Adds Surprise Support for Metaverse Altcoin Project

The largest US crypto exchange by trading volume is adding a metaverse altcoin to its list of supported crypto assets.

Coinbase Assets is announcing that trading for the native token of the MultiversX (EGLD) blockchain will debut on its platform starting December 7th once liquidity conditions are met.

“Coinbase will add support for MultiversX (Previously Elrond) (EGLD) on the MultiversX network. Do not send this asset over other networks or your funds may be lost.

Inbound transfers for this asset are available on Coinbase & CoinbaseExch in the regions where trading is supported.”

EGLD is formerly known as Elrond. The enterprise-grade blockchain rebranded last month after pivoting its focus to the metaverse and launching new product offerings aimed at the burgeoning crypto sector.

Says Beniamin Mincu, CEO and founder of MultiversX,

“MultiversX is building the collaborative framework and composable toolkit to set up the stage for a positive sum game of enormous stakes. For reimagining the entire spectrum of human experience and for reinventing the frontend of every business vertical.”

EGLD is currently trading for $44.23, down by 3.06% over the past 24 hours.

Coinbase also recently added support to the cross-chain identity aggregator Litentry (LIT) and decentralized finance (DeFi) based non-fungible token (NFT) project Aavegotchi (GHST) to its platform, as well as the decentralized gaming project Treasure DAO (MAGIC) token to its listing roadmap.