One of the key Cryptocurrency exchange platforms is expanding its list of coins that it can provide trading services for. Algorand (ALGO) can now be found listed on Coinbase as well as their Android and iOS mobile App platforms.
Coinbase customers now have access to and the choice to exchange, store, buy, sell, and receive the ALGO coin on their platform and is available for trading in all countries that support the Coinbase platform.
What is Algorand (ALGO):
Mr Silvio Micali is the founder of the Algorand (ALGO) network and cryptocurrency. He was also the recipient of the prestigious Turing award in 2012. He has won numerous cryptographic awards and continues to find solutions using innovative technologies.
ALGO is the native cryptocurrency of the Algorand network. The protocol aims to dedicate itself to solving particular issues facing the blockchain space. These include addressing transaction scalability, security and transparency.
The platform launched in June 2019. As our decentralised economy is growing, ALGO and its team are already adding new capabilities to existing businesses. Using its open-source network, payments are finalised on their proof-of-stake protocol. They use a permissionless principle which also enables the network to address scalability effectively.
Coinbase Custody is also compatible with ALGO for its storage and staking features. Moreover, as Coinbase announced that they will support ALGO purchases in GBP and EURO, the cryptocurrency also began trading on Coinbase Pro.
Due to the size of the Coinbase platform, they receive enquiries about new coin listings frequently. They also recently announced their own updates regarding their improved and smooth process for making new digital assets available on their site. As of now, the Coinbase corporation are also developing new educational tools and resources for beginners entering the space. They aim to encourage new users to further explore and understand the cryptocurrency industry. They want to achieve this by making available new learning materials on their website, as well as online forums to share and answer questions.