May 3 (Cointime) - Coinbase, one of the world’s largest cryptocurrency exchanges, has announced that it will soon be adding support for Sperax (SPA) on the Arbitrum network. SPA is an ERC-20 token, and Coinbase has advised users not to send this asset over other networks as it may result in the loss of funds.

The Arbitrum network (ERC-20 tokens) contract address for Sperax (SPA) is 0x5575552988a3a80504bbaeb1311674fcfd40ad4b.

Transfers for SPA are currently available on Coinbase and Coinbase Exchange in regions where trading is supported. According to the announcement, trading for SPA will begin on or after 9AM PT on May 3, 2023, as long as liquidity conditions are met.

Once sufficient supply of SPA is established, trading on the SPA-USD trading pair will launch in phases. However, Coinbase has also cautioned that support for SPA may be restricted in some supported jurisdictions.