Coinbase, the largest cryptocurrency exchange in the USA, announced that it has listed a new altcoin.
Sharing the news on its twitter account, Coinbase stated that it will add Sperax (SPA) support to its Arbitrum network (ERC-20 tokens).
“Coinbase will add Sperax (SPA) support to the Arbitrum network (ERC-20 tokens). Do not send this asset over other networks or your funds may be lost.
If liquidity conditions are met, trading will begin on or after 09:00 PT on May 3, 2023.
Once there is sufficient supply of this asset, trading on our SPA-USD trading pair will start gradually. SPA support may be restricted in some supported jurisdictions."
Coinbase will add support for Sperax (SPA) on the Arbitrum network (ERC-20 tokens). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) May 2, 2023
After Coinbase's news, Sperax (SPA) price saw a huge rise. The SPA price went up about 30% in five minutes.
*Not investment advice.