Coinbase Assets Adds Support for MOVE Token on Ethereum Network

Coinbase Exchange Welcomes MOVE Token Trading

Users of Coinbase Assets can now take advantage of the newly added MOVE token on the Ethereum network. The platform has announced support for transfers of MOVE, an ERC-20 token, in regions where trading is enabled. Additionally, the MOVE-USD trading pair will be gradually introduced as more tokens become available, with restrictions potentially in place for certain regions.

MOVE Token: A Bridge Between Blockchains

MOVE, a part of a system of modular blockchains, serves as a tool for developers to create fast and secure blockchain applications. It connects the Move and Ethereum Virtual Machine (EVM) ecosystems, marking the inception of the Move-EVM Layer 2 solution for Ethereum. The project, spearheaded by Movement Labs, has garnered support from prominent investors including Polychain Capital, Binance Labs, Hack VC, Placeholder, and Archetype.

Trading Information and Recommendations

Trading of MOVE is anticipated to commence today pending sufficient liquidity. Coinbase categorizes MOVE under the “Experimental” label, signifying its status as a newer or less established asset on the platform. To ensure the security of their funds, users are advised to transfer MOVE exclusively using the Ethereum network.

Key Takeaways:

• Coinbase Assets announced support for MOVE token trading on its platform.
• MOVE token serves as a link between the Move and Ethereum Virtual Machine ecosystems.
• Early investors in the MOVE project include Polychain Capital, Binance Labs, and more.
• Trading of MOVE is set to kick off today, subject to liquidity levels.