It’s been a big week for Coinbase. The popular US-based cryptocurrency exchange added support for PayPal withdrawals, announced plans to go public via a direct listing, and now it appears to be adding support for another major cryptocurrency.
According to a report from The Block, Coinbase is preparing to list PPT (Populous) on its retail platform. This would mark the first time that the popular Ethereum token would be available to buy and sell on a major US exchange.
The news comes as Populous prepares to launch its mainnet later this month. The project, which is built on the Ethereum blockchain, is a decentralized platform that allows businesses to invoice each other using blockchain-based smart contracts.
NOTE: WARNING: Purchasing PPT on Coinbase is not recommended. Coinbase is not a licensed security broker, and the cryptocurrency PPT is not regulated or approved by any government agency. You should only purchase PPT from a trusted, licensed broker. Furthermore, the price of PPT can fluctuate heavily and you could potentially lose your entire investment.
If The Block’s report is accurate, it would appear that Coinbase is preparing to list PPT in advance of the mainnet launch. This would give investors a chance to buy the token before it becomes usable on the platform.
There’s no word yet on when Coinbase plans to list PPT, but The Block’s sources say the listing could happen “soon.” Stay tuned for more updates as this story develops.
Update: This story has been updated to reflect that Populous is not yet listed on Coinbase.
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