The logo of Coin98 is seen at its headquarters in Ho Chi Minh City. Photo courtesy of Coin98
Coin98 is set to become the second Vietnam blockchain app after Axie Infinity to have its cryptocurrency listed on Coinbase, one of the world’s largest cryptocurrency exchanges.
The U.S.-based Coinbase, the second biggest exchange after Binance, said in a recent blog that the Coin98 token (C98) is one of the 50 assets it is considering for a listing in the second quarter of this year.
Axie Infinity, one of the world’s biggest blockchain-based play-to-earn game, was listed in Coinbase last year.
The possible listing would be a major milestone for Coin98 since it is is a large exchange with strict processes for examining cryptocurrency projects, Tran Xuan Tien, a spokesperson for the wallet, said.
“It shows that the path that we are on is recognized by worldwide users and major organizations.”
Coin98, established in 2017, says it has more than 700,000 users in 150 economies with Vietnam, Indonesia and Nigeria accounting for the largest numbers. It has so far recorded trading volumes of over $500 million.
C98 traded at $1.66 at 9:26 a.m. Thursday, down 34 percent since the beginning of the year.
It has a market cap of $306 million, ranking 170th in the world’s biggest cryptocurrencies.