Coinbase, a major US cryptocurrency exchange, has added PancakeSwap (CAKE) to its listing roadmap. This means Coinbase is considering letting users trade CAKE in the near future.
PancakeSwap’s Recent Success
PancakeSwap, a decentralized exchange (DEX) originally built on the BNB Chain, is booming. It recently hit a record $173 billion in monthly trading volume in May, surpassing other DEXs like Uniswap. In fact, it currently boasts the highest trading volume among all DEXs, with over $228 billion in the last 30 days.
CAKE Price Unfazed
Despite the positive news from Coinbase, the price of CAKE hasn’t jumped. It’s currently trading around $2.25 and is down slightly in the last 24 hours and the last week.
Coinbase’s Listing Roadmap
Coinbase introduced its listing roadmap in 2022 to be more transparent and prevent insider trading. The company’s CEO, Brian Armstrong, has stated their goal is to list many crypto assets, as long as they meet Coinbase’s standards.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
/p>
