A project bringing the functionality of traditional finance to crypto investing is exploding after a surprise listing from Coinbase.
The US-based cryptocurrency exchange announced in a tweet that Crypterium (CRPT) is now available on its main website as well as Android and iOS apps.
Coinbase says that CRPT will be accompanied by the Experimental label, which the company applies to “assets that are either new to our platform or have relatively low trading volume compared to our broader crypto marketplace.”
The Crypterium wallet allows users to purchase 20 different digital assets, while the company’s Visa card comes in both plastic and virtual forms to make retail purchases. Users can also earn interest on their holdings with a high-yield savings account.
According to the project website,
“We aim to bridge the gap between the crypto and traditional economies.
The Crypterium wallet combines traditional finances and digital assets with an unlimited amount of wallets to buy, cash out and earn crypto.”
The project’s native token, CRPT, charges a 0.5% fee per transaction, which results in token burns. The project says it intends to burn up to 30% of the total supply over the next two years, and already 1,000,000 tokens have been burned.
Crypterium is up 141.4% since the announcement, priced for $0.79 at time of writing.
Just two days ago, the CRPT token was trading for $0.17, marking a two-day gain of 364%.