Tezos’s Price Spiked 30% After Two Major Announcement

Yesterday, Coinbase announced staking rewards for eligible US customers who hold Tezos (XTZ) on Coinbase platform. US customers (except those in New York and Hawaii) could begin earning passive income by just holding Tezos token on their Coinbase wallets.

Following Coinbase’s announcement, Tezos (XTZ) had a 7% price spike. XTZ token’s price jumped from USD 0.9435 to USD 1.049 in less than two hours.

XTZ had another price spike, this time after OKEx announced the listing of Tezos tokens on its exchange. XTZ’s price jumped another 19.7%. Price surged from USD 1.05 to 1.25 in less than an hour.

The listing of XTZ on OKEx will introduce Tezos network to the Asian markets.

Tezos is a highly respected project with a robust community, and we’re happy to be able to add the value of the XTZ network to the OKEx ecosystem, where we strive to deliver a one-stop-shop for professional and retail traders

said Andy Cheung, Head of Operations of OKEx.

What is Tezos (XTZ)?

Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. Tezos Network was developed by ex-Morgan Stanley analyst Arthur Breitman.

XTZ/USD Price Chart

*Charts are provided by cryptocompare.com