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Cryptocurrency News Articles

Coinbase Expands Crypto Empire with RON Listing

Mar 23, 2024 at 12:02 am

Coinbase, the largest US-based crypto exchange, has listed RON, allowing its 73 million users to buy, sell, and hold the token. Ronin, the Ethereum blockchain for gaming, utilizes RON as its native token for transactions and governance. The listing on Coinbase aligns with Ronin's goal of increasing accessibility for Web3 gaming, where tokenized rewards and NFTs play a significant role. Ronin's popularity has surged, with a 500% increase in addresses, primarily due to its adoption by games like Pixel and Axie Infinity.

Coinbase Expands Crypto Empire with RON Listing

What's Coinbase's Move with RON?

Coinbase, the crypto behemoth, has just welcomed RON to its platform—a major move that gives 73 million users access to this digital asset. RON holders can now buy, sell, and store their coins within their Coinbase wallets.

Ronin's Path to Global Freedom

Coinbase and Ronin have been on a parallel mission: unlocking global freedom through decentralized technology. RON, the native token of the Ronin gaming blockchain, powers transactions, NFT trades, and rewards staking. Its value is derived from fees collected across the ecosystem.

Why is RON Soaring?

Ronin's user addresses have skyrocketed by over 500%. These are predominantly gamers who hold RON, and their numbers are expected to swell further with Coinbase's involvement. RON's accessibility has increased exponentially, fueling its popularity.

Gaming on the Blockchain: Ronin's Niche

Ronin is an Ethereum spin-off specifically designed for gaming. Transactions cost a mere $0.003 to $0.005, payable in RON. Pixel, a farming simulation game likened to Stardew Valley, has already joined forces with Ronin. With 700,000 daily active users, Pixel is another example of the growing crypto-gaming trend.

Axie Infinity's Success and Ronin's Partnerships

Axie Infinity paved the way for Web3 gaming and attracted a wave of mainstream gamers into the crypto space. Ronin has allied with a plethora of Web3 communities and games, including CyberKongs, Kaidro, Apeiron, and Wild Forest.

Humble Beginnings: Ronin's Genesis

In 2019, the founders of Ronin, alongside a group of enthusiasts, set out to empower internet users—starting with gamers—with digital property rights. Today, Ronin stands as a testament to their vision and the transformative power of blockchain technology.

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Other articles published on Oct 30, 2024