Main U.S. cryptocurrency trade, Coinbase Professional, has introduced it would checklist the native token of blockchain platform Celo (CELO).Differ
Main U.S. cryptocurrency trade, Coinbase Professional, has introduced it would checklist the native token of blockchain platform Celo (CELO).
Different Celo markets have responded enthusiastically, with the coin gaining roughly 55% over each USD and BTC over the previous 24 hours as CELO rocketed into new all-time highs above $2.70. As of this writing, CELO is altering arms for $4.45.
CELO/USDT – Bittrex – 1D: TradingView
Coinbase Professional will start accepting CELO deposits from August 31, with buying and selling slated to start from 9 am PT on September 1, topic to liquidity circumstances.
The trade will assist 4 pairings for Celo, permitting prospects to commerce CELO towards Bitcoin (BTC), USD, EUR, and GBP.
The markets will likely be launched over 4 phases, beginning with deposits solely, earlier than permitting merchants to fill the order books, enabling restrict order execution, and lastly shifting to full buying and selling performance.
CELO’s explosive efficiency immediately appears at odds with evaluation carried out by Coin Metrics in June that discovered the worth influence of newly introduced Coinbase Professional listings to be overstated — with freshly listed markets producing common worth performances of between -1% and +14% 20 after being introduced.
Coinbase Professional listings have equally comprised the catalyst for the meteoric worth strikes of Numeraire (NMR) and Band Protocol (BAND) earlier this month, which posted features of greater than 150% and 250% inside days of the listings’ bulletins.
Coinbase first mooted supporting Celo’s token in September 2019, when the trade introduced Celo as one among 17 yet-to-be-launched initiatives that it was contemplating itemizing.