Coinbase listing opens Tezos to millions of retail investors

Published on by Cryptoslate | Published on

Coinbase added Tezos to its retail platform and mobile apps.

Tezos is a delegated proof of stake blockchain that governs itself by establishing a true digital commonwealth.

One week ago, Coinbase added Tezos to Coinbase Pro, causing it to surge over 16 percent within 24 hours.

Truffle, the popular Ethereum development suite, recently announced support for Tezos in addition to Hyperledger Fabric and R3 Corda.

The Tezos platform launched with much fanfare, with its initial coin offering in July 2017 raising $232 million, one of the largest ICOs of all time.

Following the ICO a major dispute broke out between Tezos founder Johann Gevers and partners Arthur and Kathleen Breitman-the owners of Tezos' intellectual property rights.

As a result, the launch of the Tezos platform was delayed indefinitely.

Coinbase has continued to aggressively list new crypto assets.

The change in strategy is possibly a response to Coinbase's weakening market position.

In terms of percentage of total volume, U.S. exchanges including Coinbase are losing market share to the now dominant Binance.

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