Centralized crypto exchange Coinbase announced it would add support for OSMO Wednesday on Twitter, leading to a flurry of excitement from its community.
Coinbase said OSMO trading would begin when liquidity conditions are met, which has occurred as of the writing of this article. The OSMO-USD pair on Coinbase is a “Limit-only Market” meaning it is trading, but market orders are unavailable.
Twitter responses ranged from “Nice” to “LFG!” and were mixed in with requests for other crypto projects to be added to Coinbase, with more than a few in favor of adding obscure meme coins.
“Wow huge surprise, never expected this,” Twitter user CryptoDV said about the new listing.
“Dear Coinbase user, welcome to @osmosiszone, the ultimate dex to dive into #Cosmos. You will find the most easy, quick and cost-efficient swaps here, some of the best liquid staking options and last but not least the new @IBCindex that benchmarks the entire #Cosmos,” Ricosmos said.
“Good but don’t suspend or delist,” CryptoKing said.
The Osmosis decentralized exchange (DEX) token didn’t appear to react to the news, hovering around $0.60 for the last 24 hours. OSMO is used for staking to secure the network, governance voting, and to pay fees on the Osmosis DEX.
Cosmos News asked if Coinbase would offer staking for OSMO, but did not immediately receive a response.
