Coinbase has listed Celo (CELO) on its platform, roughly every week after Coinbase Pro listed the cryptocurrency. The value 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 growth comes every week after stories that the token was listed on Coinbase Pro, the opposite buying and selling platform owned and operated by Coinbase.
“Starting today, Coinbase supports Celo (CGLD) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive or store CGLD. CGLD is available in all Coinbase-supported regions,” the corporate writes.
Coinbase revealed it’s briefly itemizing the coin underneath the CGLD ticker as an alternative of CELO, which represents the cryptocurrency. However, utilizing a special ticker identify won’t have an effect on the coin or hinder participation in on-chain governance actions, reminiscent of voting. Coinbase merchants will be capable of ship and obtain CLGD or CELO, as it’s the identical asset.
Coinbase revealed it commonly broadcasts a brand new set of cryptocurrencies they’re exploring, with CLGD one of many cash included in an inventory of exploratory cryptos final fall. However, with the announcement that Coinbase Pro could be itemizing the UMA token on September 8, some pundits imagine the corporate could be prioritising tokens for tasks it invested in. At the second, 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.
However, Celo token dipped beneath the $4.00 mark however has since bounced again. At 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 Pro and the Coinbase platforms, respectively.
CELO is presently up by 13% in opposition to the USD and 24% in opposition to BTC.