A dog-themed meme asset competing with Dogecoin (DOGE) and Shiba Inu (SHIB) is thriving with the support of Coinbase, the leading cryptocurrency exchange platform in the US.
Coinbase said in a new thread on social media platform
“Coinbase is adding support for FLOKI (FLOKI) on the Ethereum network (ERC-20 token)… Trading will commence on or after November 21, 2024 at 9:00 AM Pacific Time, if liquidity conditions are met.
Once sufficient supply of this asset is available, trading of the FLOKI-USD trading pair will begin in stages. Support for FLOKI may be limited in some supporting jurisdictions.”
In further news, FLOKI’s token price rose from $0.000234 on November 20 to a high of $0.000283. The digital asset has since stabilized and, at the time of writing, is trading at $0.000256, up 10.3% in the last 24 hours.
FLOKI serves as a utility token for the Floki ecosystem, providing numerous decentralized finance (DeFi) services on both Ethereum (ETH) and the native blockchain.
Earlier this week, Coinbase announced that it would be adding FLOKI to its listing roadmap. This is used by exchanges for transparency and to prevent premature trading before the token is officially listed.
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