Cosmos (ATOM) Is Now Live at Coinbase

Cosmos (ATOM) Is Now Live at Coinbase

Earlier this week, Coinbase listed the native token of an interoperable blockchain protocol that facilitates the transfer of data between existing chains, Cosmos.

The token known as ATOM has been live on the platform since Thursday across the Coinbase platform This includes the possibility to do so while on the go on either the mobile apps the platform offers on either IOS or their newly launched, Android app.

The token is part of the Cosmos protocol which, as mentioned above, assists the transfer of data between chains. This happens via what is known as a “hub-and-spoke” model which leverages the design elements of another chain to enable cross-chain interaction. The framework of Cosmos also features Byzantine Fault-Tolerant (BFT) consensus algorithm, which was designed by Tendermint.

The timing is interesting as it has come the same week as users at their rival exchange, Binance, held a vote on whether Cosmos or another token should be listed on their platform. Is this merely a coincidence or is there is a reason for the Cosmos listing rush of late?

What we do know is this listing of ATOM is not only Coinbase’s first of 2020 but the first since DASH in September. Since then, there has been a period of inactivity from the platform despite news that they had 18 assets under review. Traders will no doubt be hoping that this is a sign that there will be plenty more tokens soon to also be listed on the platform and end the listing drought.

In the meantime, you can head over to Coinbase now to start trading ATOM and benefiting the other perks of the platforms.

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