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ASSEMBLE Protocol Rallies 200% Following Coinbase.com Listing

ASSEMBLE Protocol made its debut on the Coinbase Pro exchange on Wednesday 20th October 2021 according to the official disclosure made by Coinbase. ASSEMBLE Protocol’s token ASM was listed following massive demand from the community on the largest NASDAQ-listed U.S cryptocurrency exchange – Coinbase. The ASM token powers the Assemble Platform, which is purported at managing and spending integrated reward and loyalty points.

Anticipation had been on the rise among holders ahead of the listing. With a user base of around 750,000, the project was primed for a big listing. ASM has also listed on Gate.io and Bithumb Korea, both highly reputable exchanges in the crypto industry. Listing on the Coinbase Pro proves how much faith the market has in the token and has sparked massive adoption since its inception. It should also be noted that Coinbase.com has listed the ASM token on its major platform the day after the ASM-USD and ASM-USDT pairs were enabled on Coinbase Pro.

Coinbase Pro Listing Effect

The announcement came on Wednesday and confirmed that users can now transfer ASM tokens into their accounts for trading on Coinbase Pro. Coinbase will provide support for ASM in supported jurisdictions, the post read. ASM tokens can be traded on the exchange using the ASM-USD and the ASM-USDT trading pairs. Given the influx of trading volume following the listing, ASM’s price surged.

The first 24 hours following the listing saw the price of the digital asset gain over 200%. This sent the price of the asset towards five-month highs. Listing on Coinbase Pro put an end to the long-suffering months that had followed its high in April.

Transaction volume also grew ahead of the listing. ASSEMBLE Protocol reported that it had seen a 26,000% jump in transaction volume, which is attributed to anticipation of the Coinbase listing.

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