Coinbase, the American crypto trading giant, has announced its support for the Ethereum layer 2 scaling protocol zkSync (ZK).
Coinbase, the American cryptocurrency exchange, has announced the potential listing of zkSync (ZK), leading to a noticeable rise in the token’s market value.
The exchange has added ZK to its roadmap, indicating that the Ethereum Layer 2 scaling solution may soon be listed.
zkSync Awaits Coinbase Decision
While traders and investors cannot yet transfer or trade assets under consideration on Coinbase, the announcement signals possible future trading.
However, being placed on the roadmap does not guarantee a listing.
Coinbase has clarified in a blog post that delays or removal from consideration may occur for various reasons.
Although the listing is not confirmed, being included by Coinbase could be a significant boost for the zkSync ecosystem.
The digital asset, currently priced at $0.1005, could see a surge toward a new all-time high (ATH).
Two months ago, Binance, a leading cryptocurrency exchange, expanded its support for the ZK token, adding it alongside new trading pairs like dogwifhat (WIF) and LayerZero (ZRO).
In June, Robinhood, a commission-free crypto trading platform, announced plans to support zkSync trading, accompanied by an airdrop, which drove increased interest and trading volume for the cryptocurrency.
This latest news from Coinbase could potentially lead to further price movement for ZK, which has already risen by 3.6% in the last 24 hours, with a low of $0.09858 and a high of $0.1045.
Coinbase’s Recent Listing Trends
In recent months, Coinbase has supported various tokens, either by adding them to its consideration list like zkSync or through outright listings.
On Thursday, the exchange announced support for two altcoins, Immutable and Flow Perpetual Futures, with both IMX-PERP and FLOW-PERP set to be listed on its international and advanced platforms.
In August, Coinbase supported Across Protocol (ACX) and indicated a phased launch of the ACX-USD trading pair once the supply target was reached. This led to a 14% price increase for the asset.
Similarly, Zetachain saw a 17% surge after being added to the exchange’s listing roadmap in the same month.
