Leading United States cryptocurrency exchange, Coinbase Pro, has revealed that it’ll list the native token of blockchain platform Celo [CELO].
Other Celo markets have responded interestingly, with the coin gaining roughly 55% over both USD & Bitcoin [BTC] over the past few hours as CELO price rocketed into new all-time highs above $2.70 USD. At the time of reporting, CELO is trading at a price of around $4.45 USD.
Coinbase Pro is expected to start CELO deposits following from 31st August, with trading slated to commence from 9 am PT on 1st Sep, subjected to liquidity conditions.
The exchange will support four pairings for Celo, permitting its users to trade [CELO] against Bitcoin [BTC], USD, EUR as well as GBP.
The markets are going to be launched over four phases, starting with deposits only, prior to permitting traders to fill the order books, enabling limit order execution, & lastly moving to complete trading functionality.
CELO’s explosive performance today seems at odds with analysis conducted by Coin Metrics earlier in the month of June that found the worth impact of newly announced Coinbase Pro listings to be overstated – with freshly listed markets producing avg price performances of between -1% and +14% 20 after being announced.
Coinbase Pro listings have similarly comprised the catalyst for the meteoric price moves of Numeraire [NMR] & Band Protocol [BAND] earlier this month, which posted gains of over 150% & 250% within days of the listings’ announcements.
Coinbase primarily mooted supporting Celo’s token earlier in the month of Sep last year, when the exchange announced Celo as one of 17 yet-to-be-launched projects that it had been considering for listing.