The renowned US-based cryptocurrency exchange platform, Coinbase, has exciting news for crypto enthusiasts. They have announced the addition of support for ResearchCoin (RSC), an Ethereum-based science research token, on their trading platform. This move comes as part of their continuous efforts to expand their suite of crypto products and cater to a diverse range of digital assets.
According to a recent post on X, a popular social media platform, Coinbase stated that ResearchCoin will be added to the Base network. Trading for RSC is scheduled to commence on or after 9 AM PT on 31 July 2025, pending liquidity conditions. Once a sufficient supply of the asset is established, trading on the RSC-USD pair will be rolled out in phases to ensure a smooth transition for users.
The announcement of ResearchCoin’s addition to Coinbase has already had a positive impact on its price. RSC experienced a significant spike in value, jumping from a low of $0.385 on July 25th to a high of $0.762 on July 31st. As of the time of writing, ResearchCoin is trading at $0.741, marking a 10.7% increase in the last 24 hours.
In the official whitepaper of ResearchCoin, the project developers highlight the token’s role in incentivizing participation in ResearchHub, a science research blockchain co-founded by Coinbase’s CEO, Brian Armstrong. The primary objective of ResearchCoin is to enhance science research and communication by fostering a collaborative and open-access platform.
The whitepaper states, “ResearchCoin has been created to incentivize participation in a highly collaborative and entirely open access platform, ResearchHub. This first-of-its-kind token serves to galvanize a community of academics and nonacademics in support of ResearchHub’s goal of creating an all-encompassing forum for the communication of academic research. The downstream benefits of the success of such a community are significant: with adoption, silos that currently exist in the world of research are eliminated. As a result of this improved communication, the pace of research and the application of research are accelerated.”
As ResearchCoin gains traction and adoption within the scientific community, it is poised to revolutionize the way research is conducted and shared. With Coinbase’s support, the future looks promising for ResearchCoin and its mission to drive innovation and collaboration in the field of science.
Stay updated on the latest news and developments in the world of cryptocurrency by following us on X, Facebook, and Telegram. Don’t miss out on any important updates – subscribe to receive email alerts directly to your inbox. Explore price actions, stay informed, and be part of The Daily Hodl Mix.
Featured Image: Shutterstock/robert_s