Coinbase has recently announced the addition of PancakeSwap (CAKE), the native altcoin of the leading decentralized exchange (DEX), to its listing roadmap.
With PancakeSwap expanding to various blockchains and dominating decentralized exchange trading volume, surpassing Uniswap in the past 30 days, this move by Coinbase holds significant potential for the cryptocurrency.
Despite the roadmap inclusion, CAKE’s price has not seen a notable increase, currently trading at $2.25. The crypto asset has experienced a slight decline in the past 24 hours and seven days.
Being added to Coinbase’s listing roadmap indicates the possibility of trading support being rolled out for CAKE in the near future, in line with the exchange’s commitment to offering a wide range of crypto assets that meet their standards.
Coinbase CEO Brian Armstrong has emphasized the platform’s goal of listing as many cryptocurrencies as possible, ensuring transparency and credibility in the process.
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