The native token of an Ethereum (ETH)-based decentralized alternate (DEX) is on the rise after being listed on the highest US crypto alternate by buying and selling quantity.
Coinbase listed CoW Protocol (COW) for buying and selling on Tuesday and the token soared from $0.28 to $0.32, a acquire of greater than 14% whereas a lot of the markets are down.
“Buying and selling will start on or after 9 a.m. PT on September twenty fourth, 2024, if liquidity situations are met. As soon as ample provide of this asset is established buying and selling on our COW-USD buying and selling pair will launch in phases. Help for COW could also be restricted in some supported jurisdictions.”
COW is buying and selling for $0.31 at time of writing.
The venture says in a tweet that the Coinbase itemizing will profit the ecosystem in numerous methods.
“CoW DAO’s (decentralized autonomous group) mission is to make DeFi (decentralized finance) secure and seamless FOR ALL.
The Coinbase itemizing helps by:
- Making COW extra accessible.
- Growing liquidity and lowering value affect.
- Introducing CoW DAO merchandise to new customers not but accustomed to MEV (maximal extractable worth), intents or liquidity aggregation.
In sum, becoming a member of Coinbase allows CoW DAO to do extra and go additional with user-protective merchandise like CoW Swap, CoW AMM ( automated market maker) and MEV Blocker.”
In line with its website, CoW Protocol “is a totally permissionless buying and selling protocol that leverages batch auctions as its value discovering mechanism.”
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