Coinbase, a major cryptocurrency exchange, has announced support for Kava (KAVA). Kava Network is a decentralized lending platform which allows users to borrow or lend cryptocurrency using their own collateral.
Coinbase warns users not to send KAVA over any other network as this could result in funds being lost. Coinbase Pro and Coinbase Pro are available to make inbound transfers to this asset.
The trading of KAVA will commence at or after 9AM PT on January 19, 2023. This is subject to the fulfillment of liquidity conditions. After a sufficient supply is established, trading will be launched in phases on the KAVA USD trading pair. Some countries may not allow KAVA to be traded.
The current price for KAVA is $1.03 USD, with a 24-hour trading volume $517.734,919 USD. The price for KAVA is constantly updated and has increased by 8.64% over the last 24 hours.
Coinbase’s move is a significant step forward for Kava, as it will make the Kava project more accessible to investors and traders. This move also shows the growing acceptance and adoption of decentralized lending platforms such as Kava.
Coinbase is expanding its support assets to provide more opportunities for users to trade and invest across a variety of digital assets. This is a good sign for the entire crypto industry, as more mainstream exchanges recognize the potential of Kava projects and add them to their platforms.