It’s been a while since we’ve seen a new coin on Coinbase, but that could all change soon with the possible addition of IMX.
IMX is a relatively new coin, having only launched in September of 2017. However, it has already made a name for itself in the crypto community.
So, what is IMX and why is it being considered for Coinbase?
IMX is short for Imagination Technologies. It is a UK-based company that specializes in designing chips for mobile devices.
Some of their most notable clients include Apple, Huawei, and Qualcomm.
In September of 2017, Imagination Technologies announced they were launching their own cryptocurrency. The coin is based on the Ethereum blockchain and focuses on providing a better way to pay for goods and services within the Imagination ecosystem.
The IMX token is currently listed on a few exchanges, including Binance and Kucoin. It has a market cap of over $50 million and a daily trading volume of over $1 million.
So far, IMX seems to be doing quite well. The team has been consistently updating the community on their progress and they have some big plans for the future.
One of the most exciting things about IMX is their partnership with UTRUST. UTRUST is a leading crypto payment processor that will allow IMX to be used for payments at over 500,000 merchants around the world.
This partnership could help increase adoption of IMX and help it become a top 10 cryptocurrency.
Coinbase has been known to add new coins that have potential to be big players in the crypto space. With IMX’s strong team, partnerships, and roadmap, it seems like they could definitely be one of those coins.
So far there is no official word from Coinbase on whether or not they will be adding IMX, but it is definitely something to keep an eye on in the near future.