Coinbase and Binance Take Action for Web3 Coin Project

Leading cryptocurrency exchanges Binance and Coinbase seem to be focused on developing the Web3 space. After exchanges revealed their web3 coin listings, Project Galaxy (GAL), which advertises itself as the world's largest Web3 credential data network, rose 7% in value.

Coinbase and Binance Take Action for Web3 Coin Project. The world's two largest cryptocurrency exchanges Binance and Coinbase decided to list the Web3 coin project. Project Galaxy gained more than 7 percent value after the announcements of the exchanges. “New asset: Coinbase will add support for Project Galaxy (GAL) with the tag 'Experimental',” the Coinbase Twitter account said in a statement. Coinbase is adding the experimental tag to new projects with lower trading volumes to warn investors of potential volatility. Similarly, Binance has listed GAL on the "Innovation Zone", a trading space reserved for assets that may be more prone to rapid price fluctuations. “Binance is excited to announce Project Galaxy (GAL), a Web3 credential data network, as its 30th project in Launchpool,” Binance said in a statement. In addition, the project has been listed by the Seychelles-based crypto exchange KuCoin and the Bahamas-based prominent crypto exchange FTX. What is Project Galaxy (GAL)? Project Galaxy is a Web 3.0 credential data network. Built on an open and collaborative infrastructure, the project helps Web 3.0 developers and projects leverage digital identity data and NFTs to build better products and communities.         Source: Crypto Coin, beincrypto