Across Protocol’s ACX token saw a significant 14% increase in value after Coinbase, the largest cryptocurrency exchange in the United States, announced its support for the asset. The integration of ACX into the Ethereum Network, coupled with detailed user guidelines, has driven the token’s recent rally.
Coinbase’s endorsement, shared via X (formerly Twitter), has led to heightened optimism within the ACX community, often a precursor to price appreciation due to anticipated increased adoption from such high-profile listings.
The trading of ACX on Coinbase will commence on August 21, subject to liquidity conditions. Initially, support will be limited to specific jurisdictions, with the ACX-USD trading pair to be phased in as supply targets are achieved.
The announcement has already spurred a notable price surge, with ACX reaching $0.4295—a 22.4% increase over the past week. Monthly data also reflects positive momentum, showing a 4% rise and moving ACX out of previous downtrends.
The market capitalization of Across Protocol has climbed to $59.2 million, while daily trading volumes have surged by 49% to exceed $650,000. This uptick underscores growing interest in ACX following its Coinbase listing.
Though the full impact of Coinbase’s support is still unfolding, early indicators suggest a promising trajectory for the token.
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