Crypto exchange Coinbase has announced the addition of Gravity (G) to its platform for New York residents. The update is part of Coinbase’s ongoing efforts to expand its asset offering and make more cryptocurrencies accessible to users across the United States, including New York. This move has fueled speculation about a possible price recovery due to the positive development and increasing investor interest.
Coinbase launches Gravity (G) for NY users
According to a post on X (formerly Twitter), Coinbase customers in New York can now access Gravity (G) on the exchange’s website and mobile apps for iOS and Android.
Following the addition, users will be able to buy, sell, convert, send, receive or store Gravity (G) directly from their Coinbase accounts, reflecting the company’s efforts to expand its digital asset offering in the New York market.
The crypto exchange’s decision to add G-Token is in line with its strategic plan to diversify its offerings for users, especially in regions with strict regulatory requirements such as New York. By expanding its portfolio, Coinbase aims to provide its customers with more choices for trading and investing, meeting the growing demand for diverse digital asset options.
Updated asset listing roadmap
Earlier this month, the crypto exchange overhauled its asset listing process, replacing the previous “Assets Under Consideration” list with a more transparent “Roadmap” section. This revised approach allows users to see which assets are scheduled to be added, leading to more transparency in the exchange’s operations. Gravity (G) was one of the last assets to be added to this new roadmap.
This transparency initiative is part of Coinbase’s broader efforts to streamline the asset listing process and improve user communications. The new roadmap helps customers stay up to date on upcoming listings and ensures they are informed of changes in real time. This update follows Coinbase’s continued expansion strategy to serve an increasingly diverse cryptocurrency market.
Consequently, the addition of G is the latest in a series of expansions that Coinbase has made more cryptocurrencies available to New York residents. Earlier this month, the exchange introduced five more digital assets – NEAR, AERO, VET, VTHO and PYUSD (ERC-20) – to its offering for New Yorkers. These additions reflect Coinbase’s ongoing commitment to navigating New York’s regulatory environment while offering users diverse trading options.
Will the G price trend reverse?
Despite the Coinbase announcement, the price of Gravity (G) has fallen sharply, fueled by the general crypto market crash today. Over the past 24 hours, the price has fluctuated between a daily high and a daily low of $0.03992 and $0.03708, respectively.
At press time, G price was trading at $0.03746, down 5.51% from the resistance level.
At the same time, the market capitalization fell by 5.50% to $270 million, while the 24-hour trading volume increased by 18% to $21 million. This increase in trading volume reflects increasing investor interest as traders buy on dips in the hope of a price recovery.
Kelvin Munene Murithi
Kelvin is a renowned writer specializing in crypto and finance with a bachelor’s degree in actuarial science. He is known for his sharp analysis and insightful content, has a strong command of English, and excels in thorough research and timely delivery.
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Conduct market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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