Orchid (OXT) trading goes live on Coinbase

Coinbase customers can now purchase, trade and sell Orchid (OXT), according to a blog post today from the San Francisco-based crypto exchange.

Starting today, Coinbase will support Orchid tokens through its main website, as well as on its iOS and Android apps. The cryptocurrency is now available to Coinbase customers in all jurisdictions, minus New York.

The company simultaneously unveiled the Coinbase Earn Orchid campaign, which will be available in “all supported countries.” Coinbase customers can now view videos and take quizzes about Orchid and then receive as much as $6 in OXT. They’ll also receive an additional $10 for every successful referral, though referral funds are capped at $40.

“One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies,” Coinbase wrote.

Founded in 2017, Orchid is a decentralized VPN network that allows users to earn OXT tokens by sharing “surplus bandwidth.” These users who agree to share their bandwidth act as network nodes, and a list of those users is stored in an Ethereum contract and can be accessed by the Orchid community. Individuals need the Orchid app, a Web3 crypto wallet and OXT to utilize the system.

Today’s Orchid listing falls in line with an aggressive token-listing strategy as of late from Coinbase. The exchange also recently added support for several coins to its debit card, including Dai in early December. Prior, the Coinbase card added Ripple’s XRP, Brave’s BAT and Stellar’s XLM to the mix.