Coinbase, one of the top crypto exchanges, is expanding support for a little-known Ethereum-based altcoin.
Biconomy (BICO) is now Coinbase. com and mobile applications of the stock market. Coinbase Pro triggered a massive rally by listing the crypto asset earlier this week. BICO is an Ethereum-based governance token for the Biconomy Network, a multi-chain platform that aims to connect its users’ wallets with decentralized applications.
Node operators can use the crypto asset to pay transaction fees, and BICO holders can vote on decisions that affect Biconomy’s protocol and network. The token is this week Huobi, Bybit, OKex, SushiSwap, BitMart, MEXC Global and Crypto, according to the project’s Twitter account. com’s mobile application was also published.
Additionally, Biconomy launched a rewards and airdrop program on Wednesday.
Rising 200% on Wednesday, BICO was trading at $7.69 at the time of writing and has seen a 46% pullback in the last 24 hours.
Coinbase has added support for BICO amid new altcoin listings over the past few months. The CEO of the exchange, Brian Armstrong, stated in July that they plan to list as many altcoins as possible.