Vara Token (VARA) will now have more support on the Vara network, Coinbase said in a post on X (previously Twitter) on September 20.
Coinbase anticipates trading to start later on September 20 and only expects liquidity conditions to change. A VARA-USD trading pair was mentioned in the listing announcement; it will gradually go live.
Coinbase explains this as a caution on tradable assets with a low trading volume or that are new to the platform, even though support might have some regional restrictions and be classified as experimental.
Recently, the Vara Network, a decentralized Layer-1 network, debuted its mainnet with backing from Polkadot founder Gavin Wood and was powered by the Gear Protocol.
The network is promoted for its novel ideas, such as the actor model and persistent memory, which increase speed and decrease latency. It also uses parallel processing and separate memory regions for smart contracts, which may have advantages for a number of industries, including gaming and banking.
VARA wants to address persistent issues with transaction throughput and processing speed with the Mainnet. Although Coinbase and the U.S. Securities and Exchange Commission are still at odds over regulatory uncertainty, the largest U.S. exchange has shown little interest in paying attention to unfavorable market conditions.
The digital asset exchange is demonstrating the reverse is valid with new listing announcements and a new sponsored advertising campaign.
