Axie Infinity (AXS) Skyrocketed 30% Following a Coinbase Pro Listing

Axie Infinity (AXS) is among the latest digital assets to be listed for trading on Coinbase Pro. As it typically happens with similar developers, its price jumped by nearly 30% in a matter of hours after the announcement.

• The leading US exchange outlined the latest set of coins to find a place on the Coinbase Pro version of its trading platform on August 11th.
• Aside from the aforementioned AXS, the other tokens are REQ, TRU, and WLUNA. Users are able to deposit all four coins as of August 11th.
• The statement clarified that support for those “will generally be available in Coinbase’s supported jurisdictions with certain exceptions.”
• Furthermore, trading for all four will start “on or after” 9 AM Pacific Time (PT) today – on August 12th. However, all liquidity requirements have to be met, and the order books will launch in three phases – post-only, limit-only, and full trading.
• Each token will be available for trading with several trading pairs, including against the dollar (USD), Tether (USDT), euro (EUR), and bitcoin (BTC).
• Listings on Coinbase and Coinbase Pro are typically catalysts for immediate price increases, and the situation this time is no exception.
• AXS, the token behind the wildly popular blockchain-based virtual video game Axie Infinity, went from a low of $59 to a high above $77. After this 30% surge, though, it has calmed slightly and currently stands above $66.
• However, it has found a place in the top 30 largest digital assets with a market cap of over $4 billion.
• On a 24-hour scale, Request (REQ) has exploded by more than 100%, TrueFi (TRU) by roughly 60%, while Wrapped Luna’s gains were a bit more modest – about 10% in a day.