Avalanche (AVAX) gets registered on the Coincheck exchange

A press release states that as of December 7, 2023, Avalanche (AVAX) will be listed on Coincheck, an asset trading service operated by Coincheck.

Avalanche is an open-source platform that has been created for building dApps. The aim is to support international financial transactions, accelerate processing time, and develop malleability. Coincheck intends to accept AVAX as part of its product development policy to create an increased user base for Coincheck.

According to the Head of Ava Labs, Michi Hirata, it is currently possible to trade in AVAX on Coincheck. It is a platform that takes credit for having a massive user base. They intend to create further accessibility for AVAX in the form of a crypto asset. They are pleased with the opportunity to introduce Avalanche’s advanced technology to users in Japan.

In the words of the Executive Director and Director of the Crypto Asset Business Division of Coincheck, Inc., Shuhei Sawamura, the registration of AVAX is an important event for them. Besides swiftness and cost-effectiveness, AVAX comes with an upgradeable blockchain framework that has a subnet sort of form.

The Avalanche (AVAX) token serves as the standard payment method for transaction-related fees. It serves as the fundamental unit of measurement for accounts as well. The AVAX Consensus algorithm has a maximum limit of 720,000. The services offered encompass remittance, receipt, purchase, and sale through the Coincheck website and application.

Coincheck, Inc. runs the crypto trading service Coincheck, which has remained at the top of the list of downloaded trading applications in Japan for four consecutive years. The company’s goal is to simplify the exchange process for new value. This is done by providing high-grade services utilizing advanced technology and safety systems. Crypto assets have built an exchange for new value, making connectivity with blockchain easier for users.