Coinbase: “FX and WCFG launched in the app”

Coinbase announced last Thursday, October 7, through its Twitter account, that FX and WCFG were launched in the application and in the iOS and Android applications, so that users will be able to buy, sell, convert, send, receive, or store FX and WCFG.

Image on Coinbase’s Twitter post

“As of today, Function X (FX) and Wrapped Centrifuge (WCFG) are available on and on the Coinbase apps for Android and iOS. Coinbase customers can now trade, send, receive, or store FX and WCFG in most Coinbase-supported regions, with certain exceptions noted on each asset page here. The trading of these assets is also supported by Coinbase Pro”, he said through an article published on the Medium platform.

Function X (FX) is an Ethereum token that powers Function X, comprising a core blockchain, a cross-chain protocol, and a platform for decentralized applications. FX can be used to pay for services such as smart contract creation and data storage, to vote for network upgrades, and to gamble on the network.

Wrapped Centrifuge (WCFG) is an Ethereum token that claims to represent Centrifuge (CFG) on the Ethereum blockchain. WCFG is not CFG, but a separate ERC-20 token that is designed to track the price of CFG. CFG is the native asset of the Polkadot-based centrifuge chain and can be used for stakeout and on-chain governance.

Also read: Regen Network shared details on Cosmos SDK launch

According to the company, one of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. In their view, they announced a process to list assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. Additionally, they launched informational asset pages (see FX and WCFG), as well as a new section of the Coinbase website to answer common questions about crypto.

“Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive or store Coinbase apps for Android and iOS. Coinbase clients can now trade, send, receive or store FX and WCFG today”, he said.

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