Coinbase Pro Announces Listing of Celo’s Native Token
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Coinbase Pro Announces Listing of Celo’s Native Token

August 27, 2020      Vandana Malik

Coinbase Pro, one of the major U.S. crypto exchanges has recently announced that it has listed Celo’s native token on its platform. Celo is a blockchain platform and its native token is CELO. It is noticed that within a day of its listing on the crypto exchange, CELO has gone up by more than 50%. 

The whole market has responded back to these gains of Celo very enthusiastically. This is an all-time high for CELO as it has gone above $2.70. 

Coinbase Pro to accept CELO deposits from August 31

According to the announcement, Coinbase Pro will start accepting CELO deposits from August 31. However, the trading of the token will be started from 9 am PT on September 1, 2020. Along with this, it is revealed that the exchange will allow four different pairings for CELO. The customers will be able to trade their CELO token against USD, BTC, GBP, and EUR. 

Coinbase Pro will be launching the market in four different phases. The first phase will be for deposits followed by filing books and limiting the order execution and the last phase will be for trading. 

Coin Metrics analysis showing a different picture

After the announcement by Coinbase Pro, the recent analysis by Coin Metrics is showing that the performance of CELO is odd. The average price performance of the token is recorded between -1% and +14% after its listing on the exchange. 

This kind of scenario has been seen earlier as well when Numeraire and Band Protocol were listed on Coinbase Pro. During that time, both of them have shown gains of more than 150% and 250% just after the few days of being listed. Through these earlier metrics, it is believed that the listing of CELO token on this exchange is going to be the successful one for the exchange and the token.

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#Band Protocol #Celo #CELO deposits #Coin Metrics analysis #Coinbase-Pro #Four different pairings
Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.