Coinbase has listed Celo (CELO) on its platform, roughly every week after Coinbase Professional listed the cryptocurrency. The worth of Celo then spiked by 32% in lower than two hours
Coinbase introduced yesterday that the Celo utility token can now be traded on its platform. This newest improvement comes every week after studies that the token was listed on Coinbase Professional, the opposite buying and selling platform owned and operated by Coinbase.
“Beginning immediately, Coinbase helps Celo (CGLD) at Coinbase.com and within the Coinbase Android and iOS apps. Coinbase prospects can now purchase, promote, convert, ship, obtain or retailer CGLD. CGLD is accessible in all Coinbase-supported areas,” the corporate writes.
Coinbase revealed it’s quickly itemizing the coin below the CGLD ticker as a substitute of CELO, which represents the cryptocurrency. Nonetheless, utilizing a special ticker identify won’t have an effect on the coin or hinder participation in on-chain governance actions, similar to voting. Coinbase merchants will have the ability to ship and obtain CLGD or CELO, as it’s the identical asset.
Coinbase revealed it recurrently proclaims a brand new set of cryptocurrencies they’re exploring, with CLGD one of many cash included in an inventory of exploratory cryptos final fall. Nonetheless, with the announcement that Coinbase Professional could be itemizing the UMA token on September 8, some pundits imagine the corporate is perhaps prioritising tokens for tasks it invested in. For the time being, Coinbase holds each the UMA and Celo tokens from its 2018 funding.
CELO spikes by 32% after Coinbase announcement
After the announcement by Coinbase, the worth of the Celo token went up by 32% in lower than two hours. The CELO token surged from $3.44 to a brand new all-time excessive of $4.55 barely two hours after the announcement.
Nonetheless, Celo token dipped under the $4.00 mark however has since bounced again. On the time of writing, CELO token is buying and selling at $4.28 per coin. CELO has set a brand new all-time excessive twice throughout the house of every week, and each occasions had been spurred by the itemizing on Coinbase Professional and the Coinbase platforms, respectively.
CELO is at present up by 13% in opposition to the USD and 24% in opposition to BTC.