- COTI jumped 48.2% following listings on Huobi Global and Coinbase Pro.
- At news time, its 24-hour high stood at $0.49.
- Recently, it competed in Orion Protocol’s Battle of the Pools and won.
First came Coinbase Pro, which opened its deposits for the token on August 25, with the trading set to start today.
— COTI (@COTInetwork) August 26, 2021
Huobi Global then followed, also announced its offering of the token. It opened deposits today and stated that trading will start when deposit volume meets the demand of market trading.
🎉Huobi Global launches COTI native coin ($COTI)
— Huobi (@HuobiGlobal) August 26, 2021
At news time, COTI’s 24-hour high stood at $0.49 as per CoinGecko, up 48.2% in the last 24 hours.
COTI positions itself as the first enterprise-grade fintech platform that allows organizations to build their own payment solutions. Additionally, the ecosystem uses a DAG-based blockchain that runs on a proof-of-trust consensus algorithm.
Considering these features, COTI aims to emerge as a protocol optimized for decentralized payments with merchants, governments, payment DApps, and stablecoin issuers as its natural intended users. Since the recent crypto market trend has also been the move towards Decentralized Finance, it is only fitting that the token is being listed in leading exchanges.
As per Coinbase Pro’s announcement, the cryptocurrency exchange opened inbound transfers for COTI yesterday in response to many users’ requests to include more assets on the Coinbase platform.
The event marked such a success that COTI jumped almost half its value.
To add to this, Huobi Global also contributed to the token’s value rise. Its Twitter alone has a following of almost 600,000 users, where the exchange made the initial announcement.
With these two top exchanges in its bag, there’s no stopping COTI as it rises in popularity. Recently, it competed in Orion Protocol’s Battle of the Pools, where it took its place as one of three winners with the highest liquidity.