Coinbase Rolls Out Gravity (G) To NY Users, Will Price Recover?

Coinbase crypto exchange has announced the addition of Gravity (G) to its platform for New York residents. The update is part of Coinbase’s ongoing effort to broaden its asset offerings and make more cryptocurrencies accessible to users across the United States, including New York. This move has fueled speculation of a possible price recovery due to the positive development as investor interest surge.

Coinbase Rolls Out Gravity (G) To NY Users

According to a post on X (formerly Twitter), Coinbase customers in New York can now access Gravity (G) on the exchange’s website and mobile apps for iOS and Android.

Post the adding, users can buy, sell, convert, send, receive, or store Gravity (G) directly from their Coinbase accounts, reflecting the company’s push to expand its range of digital assets in the New York market.

The crypto exchange’s decision to add G token aligns with its strategic plan to diversify its offerings for users, especially in regions with stringent regulatory requirements like New York. By expanding its portfolio, Coinbase aims to provide its customers with more choices for trading and investment, catering to the growing demand for diverse digital asset options.

Updated Asset Listing Roadmap

Earlier this month, the crypto exchange overhauled its asset listing process, replacing the previous “assets under consideration” list with a more transparent “Roadmap” section. This revamped approach lets users see which assets are planned for addition, promoting greater transparency in the exchange’s operations. Gravity (G) was one of the latest assets to be added to this new roadmap.

This transparency initiative is part of Coinbase’s broader effort to streamline its asset listing process and improve user communication. The new roadmap helps customers stay informed about upcoming listings, ensuring that they are aware of changes in real time. This update follows Coinbase’s continued expansion strategy to cater to an increasingly diverse cryptocurrency market.

Consequently, the addition of G is the latest in a series of expansions that have seen Coinbase bring more cryptocurrencies to New York residents. Earlier this month, the exchange introduced five other digital assets—NEAR, AERO, VET, VTHO, and PYUSD (ERC-20)—to its offerings for New Yorkers. These additions reflect Coinbase’s ongoing commitment to navigating New York’s regulatory environment while providing users with various trading options.

Will G Price Trend Reverse?

Despite the Coinbase announcement, Gravity (G) price has seen a sharp drop fueled by the overall crypto market crash today. In the last 24 hours, the price has swayed between an intra-day high and low of $0.03992 and $0.03708, respectively.

At press time, G price was trading at $0.03746, a 5.51% decline from the resistance level.

Concurrently, the market capitalization dipped by 5.50% to $270M while the 24-hour trading volume surged by 18% to $21M. This surge in the trading volume reflects the increasing investor interest as traders swoop in to buy the dip in hopes of a price recovery.