Coinbase is set to include Core (CORECHAIN) on its listing roadmap, causing a notable surge in its price.
Coinbase, a cryptocurrency exchange, recently announced that it will include Core on its listing roadmap, leading to a significant price increase. According to CoinMarketCap’s data, the core price has increased, making it the primary gainer as of this publication.
This update includes other significant Coinbase listings, expanding the list of cryptocurrencies that Coinbase supports. Coinbase has officially established the possibility of listing core on their exchange by including it in their listing timetable.
Coinbase has listed every cryptocurrency on their roadmap, even though this does not necessarily guarantee a final listing. It operates on a layer-1 blockchain network that is compatible with the Ethereum Virtual Machine (EVM), enabling the execution of Ethereum smart contracts and the utilization of decentralized applications.
Its use and popularity in the cryptocurrency market may increase as a result of this interoperability. The “Satoshi Plus” consensus process, in particular, protects the core network by combining the permitted Bitcoin mining hash power with the Delegated Proof-of-Stake (DPoS) protocol.
The intention of this novel idea is to improve both the network’s performance and security. Since the introduction of its mainnet in January 2023, it has grown in rank to become the sixty-fifth largest cryptocurrency around the globe by market capitalization, which currently stands at $1,705,602,554. It’s current market capitalization is $11 billion. Binance does not trade core at the moment, but it is available on other exchanges such as Bybit and OKX.
CORE Price Surges 20%
In the past twenty-four hours, the market has responded positively to the news, resulting in the core price increasing by more than twenty percent and trading at $1.96. This announcement has put upward pressure on the core price.
This listing strategy is part of the company’s expansion goal, which is to provide consumers with a variety of tokens and coins, including meme coins and major cryptocurrencies.
Similar to the previous example, there have been recent listings for trading in New York, such as the Solana-based meme coin Bonk (BONK), and Coinbase has continued to accept a wide range of digital assets, despite ongoing discussions and regulatory proceedings about some assets, such as XRP.
Additionally, on May 30th, Coinbase will issue perpetual futures contracts for Shiba Inu (SHIB), FLOKI, and BONK on its Coinbase International Exchange and Advanced platforms. These contracts will be available for cryptocurrency purchases.