Coinbase, one of the largest cryptocurrency exchanges in the world, has been increasing its list of supported assets over the last few years. Recently, they announced that they would be adding support for Ethereum Classic (ETC) and 0x (ZRX).
This has led to speculation that other assets, such as ERC20 tokens, may also be added in the future. One of the most requested assets by the Coinbase community is ERC20 token called Enjin Coin (ENJ).
ENJ is a gaming token that can be used to create virtual goods and in-game items. It is based on the Ethereum blockchain and uses the ERC20 standard.
ENJ was one of the first tokens to be listed on Binance, one of the largest cryptocurrency exchanges in the world. Coinbase has been known to add assets that are already listed on other large exchanges, so this could be a sign that ENJ will soon be available on Coinbase.
The addition of ENJ to Coinbase would be huge for the project and would increase its visibility to a wider audience. It would also make it easier for people to buy ENJ with fiat currency, as Coinbase allows users to buy cryptocurrencies with USD and other fiat currencies.
NOTE: WARNING: Coinbase does not currently support ERN, so investing in ERN on Coinbase is not possible. Investing in any cryptocurrency involves risk and it is important to thoroughly research the asset before making any investments.
This would make it possible for people who don’t already own any cryptocurrency to start using ENJ.
The Enjin team has been working hard to increase adoption of their platform and token. They recently launched a partnership with Samsung, which will see ENJ being used on Samsung’s new Galaxy S10 smartphone.
This partnership will expose ENJ to millions of potential users and could lead to a significant increase in demand for the token.
It is currently not possible to buy ENJ directly on Coinbase, but this could change in the future if the exchange decides to add support for the token. If you want to buy ENJ today, you will need to first purchase another cryptocurrency like Bitcoin (BTC) or Ethereum (ETH) on Coinbase and then transfer it to an exchange that supports ENJ trading.
Binance is currently the best exchange for trading ENJ, but Huobi and OKEx are also good options.
Coinbase has not yet announced whether or not they will be adding support for ENJ, but given their recent track record, it seems likely that they will do so in the near future. This would be a major boost for Enjin Coin and could lead to significant growth in both price and adoption.
9 Related Question Answers Found
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