Avalanche's AVAX Token is Set to be Listed on Coinbase Pro

Coinbase Pro is set to list Avalanche’s AVAX token for trading on Sept. 30, according to a Medium post from the company.

Despite the listing, AVAX’s price action has been flat — changing 2.4% to $64.82 since the listing was announced on the morning of Sept. 29 on Coinbase’s Twitter.

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The Coinbase Pro listing coincides with Avalanche’s incentive program, with $180M in AVAX up for grabs for liquidity mining, which is set to run this week, according to the project’s Twitter.

A Coinbase listing may not mean what it used to. In June, the company’s CEO Brian Armstrong tweeted that “our goal is to list every asset where it is legal to do so.” This stance differs from Coinbase’s strict listing process in September of 2018 when the project only listed Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin, according to a company Medium post.

Still, the move signals a step in legitimacy for the ascendant Avalanche project —the token is the 11th most valuable digital asset in the world and is more than 17 times more valuable than its Jan. 1 price of $3.67 when it was the 70th most valuable digital asset.