Tezos (XZT) Becomes Available to Buy, Sell and Store on Coinbase Right Now

You can now trade Tezos (XZT) tokens on Coinbase, according to a recent blog post from their official blog, users are now able to buy, sell, send, receive and store the tokens starting on August 8. Customers will be able to access the asset from desktop computers or by using the Android and iOS apps.

The new offering is available for users from all regions, except New York State. The reason for this is, the state has stricter compliance laws than other jurisdictions, so it may take longer before the listing becomes available.

Coinbase’s new asset Tezos uses a proof of stake method. It lets the token holders vote on changes that happen on the network and can get money by staking tokens. The tokens were originally launched back in 2017 via an Initial Coin Offering (ICO).

At the time of this report, each token was worth $1.58 USD, up 15% in the last 24 hours, possibly due to the listing.

The listing is part of a larger move made by the company in order to list more assets and diversify its portfolio. This way, Coinbase hopes to cater to investors who want to invest in more than just Bitcoin.