Coinbase lists FORTH as it continues expanding its crypto offering

Written by: Jinia Shawdagor
April 22, 2021
  • While both Coinbase and Coinbase Pro have listed FORTH, they don’t support AMPL.
  • FORTH will trade against USD, BTC, EUR, and GBP on Coinbase Pro.
  • Following Coinbase Pro’s listing of the token, FORTH surged to set an ATH at £51.29.

Coinbase has added support for Ampleforth Governance Token (FORTH). The exchange unveiled this news through a tweet earlier today, noting that it had listed the token at Coinbase.com and in its Android and iOS applications. As such, users in all Coinbase-supported regions, excluding New York, can now purchase, sell, convert, send, receive, or store FORTH.

According to a subsequent blog post, Coinbase’s support for FORTH does not mean the exchange has added support for AMPL. Explaining the difference between the two coins, Coinbase noted that FORTH powers the governance of the Ampleforth protocol. On the other hand, AMPL is Ampleforth’s native token, which is similar to Bitcoin and can be used in smart contracts.

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While this listing allows the crypto community to purchase FORTH, early adopters of the Ampleforth protocol will not have to purchase the coin through the exchange. This is because the protocol distributed 15 million FORTH to holders with AMPL balances and the participants of the Ampleforth Geyser liquidity mining program.

FORTH on Coinbase Pro

This news comes after Coinbase Pro listed FORTH on April 21. Similar to Coinbase, Coinbase Pro’s listing of FORTH will exempt New York residents from participating in FORTH’s trade. While Coinbase opened trading immediately, Coinbase Pro only allowed inbound transfers of FORTH after listing the coin. There are four FORTH trading pairs on Coinbase Pro; FORTH/USD, FORTH/BTC, FORTH/EUR, and FORTH/GBP.

After Coinbase Pro announced the listing of FORTH, the coin’s price surged from £15.7 and traded as high as £51.29, consequently setting a new all-time high. At the time of writing, FORTH is down 23.13% from its ATH to change hands at £40.03. The coin has a daily volume of £217,331,118.18.