The Across Protocol (ACX) token experienced a 14% price increase after Coinbase, the largest cryptocurrency exchange in the United States, declared support for the asset. The announcement disclosed that ACX would be integrated into the Ethereum Network, with users receiving particular guidelines for its use.
Crypto exchange listings frequently impact token prices, often leading to significant growth as users anticipate increased adoption. The news from Coinbase, which was shared via X (formerly Twitter), sparked a rally within the ACX community, with users expressing optimism about the token’s future performance.
Coinbase disclosed that ACX support would be available on its platform, but limited to certain jurisdictions. Trading activities for ACX are set to begin on August 21, contingent on liquidity conditions. Furthermore, the ACX-USD trading pair will be introduced in phases once the necessary supply targets are met.
The initial reaction to the listing was notably positive, with many in the cryptocurrency industry predicting more rises for ACX. Following the announcement, the token’s price soared to $0.4295, following a positive trend that has seen it rise 22.4% in the last week.
Monthly figures additionally indicated an upward trend, with ACX rising 4% and moving out of the red zone.
Across Protocol’s market value is now $59.2 million, with daily trading volumes up 49% to more than $650,000. The increase in activity reflects the rising interest in ACX since its integration to Coinbase’s platform.
The impact of Coinbase’s support for ACX is yet to be wholly acknowledged, but the early signs suggest a positive outlook for the token’s future.
Also Read: Coinbase Adds NEAR, AERO, VET, VTHO, PYUSD for NY Users
