Sibiu, Romania, December 6, 2022 – One month ago, during our inaugural X Day conference in Paris, we unveiled some of our boldest milestones and products yet including xPortal, xWorlds and xFabric, expanding the scope and scale of the ecosystem and opening up new growth avenues.
MultiversX (EGLD) listing on Coinbase
Today, we are thrilled to announce the listing of EGLD, the native token underlying the MultiversX blockchain, on Coinbase, the largest US crypto exchange by trading volume.
Launched in 2012, Coinbase is one of the most prominent gateways into the new digital economy and the first crypto exchange to become a public company. Therefore they are required to meet stricter compliance standards and financial audits, as well as to publicly report their financial information and business operations.
Through this new listing, EGLD expands its already considerable worldwide market presence, becoming available for purchase and trade intuitively to over 108M users in more than 100 countries, including institutional entities.
Deposits and withdrawals of EGLD within the Coinbase web and mobile product suite are open and trading on the EGLD/USD pair starts today after 17:00 UTC. For more information, read more from Coinbase here.
Beniamin Mincu, MultiversX CEO, said:
“With the transformation and evolution into MultiversX, we are taking the utility and value proposition of blockchains and expanding it significantly.
We are excited about the Coinbase listing as this is one of the most important steps in increasing access to the MultiversX Ecosystem via EGLD.”
This latest news comes after a series of strategic listings for EGLD, prominently in the US market, and represents a significant milestone as we push forward to create a highly performant, scalable, and secure technology backbone that enables radically new applications for users, businesses, society, and the new metaverse frontier.
MultiversX is a new blockchain architecture designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, MultiversX introduces two key innovations: a novel Adaptive State Sharding mechanism and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, eﬃcient, and secure consensus mechanism.
Coinbase is building the crypto economy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader crypto economy. Approximately 108 million verified users, 13,000 institutions, and 245,000 ecosystem partners in over 100 countries use Coinbase to invest, spend, save, earn, and use crypto.