Coinbase introduced a phased trading mode for both coins, starting with auction and limit-only modes, eventually enabling full trading for WELL.
Wednesday was the day that the cryptocurrency exchange Coinbase made important news regarding the ZKsync (ZK) and Moonwell (WELL) currencies.
The implementation of the CEX’s simplified, increased trading functionality for the indicated coins generated a positive buzz among market observers worldwide.
Coinbase Enhances Trading Support For ZK & WELL
Coinbase’s announcements appear to have been well received by traders, as evidenced by the fact that the trading volumes of the coins increased by 5%–81% today. In a series of official X articles released on September 25, Coinbase revealed that it is expanding its trading support for ZKsync and Moonwell.
By the time this article was published, the CEX had begun the auction mode for the WELL-USD trading pair, then moved on to the limit-only mode, and lastly, the token was in full trading mode.
Concurrently, the leading cryptocurrency exchange announced the introduction of the ZK-USD trading pair into auction mode, followed by the implementation of limit-only mode today.
Those interested in the cryptocurrency market anticipate that ZKsync may go live in full trading mode in the near future. The CEX’s expansion of support for the tokens has generated significant investor excitement about the previously discussed digital assets.
How Are The Coins Performing?
The CEX’s expansion of support, which has bolstered price fluctuations, aligns with similar past stories and the hopeful buzz that has been circulating. As of this publication, the price of ZK has increased by more than ten percent and is currently at $0.1352.
During the course of the day, it reached a low of $0.1235 and a high of $0.1369, respectively. It is intriguing to see that ZKsync’s price extended its weekly gains to 25% today.
This rising action, in light of the CEX’s recent extension of support, has sparked market optimism globally. It had previously reported that the currency had experienced a remarkable increase in value after Coinbase stated that it would be supporting ZKsync trading.
Contrarily, WELL’s price dropped by 3% today, reaching $0.02965, bringing the total to $0.02965. After twenty-four hours, the coin’s lowest price was $0.0286 and its highest price was $0.03067.
In spite of this, the 24-hour trading volume of the token had a 6% increase today, which sparked unclear speculations among investors. Observers of the cryptocurrency market wonder about whether or not the CEX’s decision to extend support to Moonwell could result in price increases for the coin in the near future.
Furthermore, it is important to note that, in addition to ZKsync, the price of Zetachain (ZETA) has skyrocketed to an extraordinary degree as a result of Coinbase’s recent expansion of support for the project itself. Considering all of these events, the tokens above may see price increases.
